CCH Holdings prices IPO at $4 per share on NASDAQ
ZOOZ Power Ltd. (NASDAQ:ZOOZ) announced Tuesday that it has entered into a sales agreement with Chardan Capital Markets LLC, allowing the company to offer and sell up to $10.95 million of its ordinary shares through an at-the-market (ATM) equity offering. The company disclosed the agreement in a statement based on a filing with the Securities and Exchange Commission.
Under the terms of the agreement, ZOOZ Power may sell shares from time to time through Chardan, acting as sales agent. The shares will be offered pursuant to the company’s shelf registration statement on Form F-3, which was declared effective by the SEC on July 9, 2025. The offering may be conducted on The Nasdaq Capital Market or other trading venues where the company’s shares are listed.
Chardan may sell shares using any method permitted by law that qualifies as an "at the market offering" under SEC rules. ZOOZ Power may instruct Chardan not to sell shares below a minimum price set by the company. The company is not obligated to sell any shares under the agreement and has not specified when or if any sales will occur, or the number of shares to be sold.
Chardan will receive a commission of 3.0% of the gross sales price of any shares sold under the agreement. The agreement can be terminated by either party according to its terms.
The information in this article is based on a press release statement and a related SEC filing.
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