Bitcoin price today: dips to $92k as Fed cut doubts spark risk-off mood
ZOOZ Power Ltd. (ZOOZ) completed the subsequent closing of its private placement and purchased approximately 525 bitcoin for $60 million, according to a company statement. The transaction follows shareholder approval received at an extraordinary general meeting held on September 19, 2025.
The Tel Aviv-based company raised $159 million in net cash proceeds, including $5 million from a July 2025 private investment in public equity (PIPE) transaction, with the potential for an additional $3 million. The company stated it intends to use approximately 95% of net proceeds to acquire bitcoin for long-term treasury management.
"With the financing closed, we are moving from plan to execution," said Jordan Fried, Chief Executive Officer of ZOOZ. "Our focus is simple: deploy capital efficiently into bitcoin, report BTC-per-share clearly to investors, and operate with disciplined risk management so the market understands our guardrails and long-term intent."
The company filed a shelf registration statement on Form F-3 with the Securities and Exchange Commission on September 29, 2025, which upon effectiveness will provide the ability to raise up to $1 billion in additional capital.
Strategic investors in the transaction include Pantera Capital, FalconX, Arrington Capital, UTXO Management and ATW Partners. Chardan acted as sole placement agent for the transaction.
The company has reconstituted its Board of Directors in connection with the transaction. Jordan Fried, Todd Thomson and Samer Haj-Yehia joined following the initial closing, while Alberto Franco and Jonas Grossman joined the board effective as of the subsequent closing.
ZOOZ trades on both NASDAQ and the Tel Aviv Stock Exchange under the ticker ZOOZ.