ZOOZ Power Bets Big on Bitcoin
ZOOZ Power, an Israel-based energy technology company, has raised USD 180 million in a private placement to support a major pivot into the digital asset sector. The company plans to allocate 95% of the proceeds to build a strategic bitcoin reserve, signaling a bold entry into cryptocurrency.
The remaining funds will be used to repay USD 3 million in debt and support general operations.
The transaction awaits shareholder approval, with a vote scheduled for September 8, 2025.
Cooley LLP is acting as U.S. legal advisor to ZOOZ
Shibolet & Co. is acting as Israeli legal advisor to ZOOZ
Goodwin Procter LLP is acting as U.S. legal advisor to Chardan (sole placement agent to ZOOZ)
Sullivan & Worcester LLP is acting as Israeli legal advisor to Chardan (sole placement agent to ZOOZ), with a team consisting of: Reut Alfiah, Tamir Chagal, Gal Cohen and Matan Guberman.
Read more in The Jerusalem Post.
