Street Calls of the Week
Zooz Power Ltd. (NASDAQ:ZOOZ) announced Friday that its shareholders approved all proposals presented at an Extraordinary General Meeting held the same day. According to a statement in a press release filed with the Securities and Exchange Commission, the approved measures include a previously announced $180 million private placement and the adoption of a bitcoin treasury reserve strategy. The company, currently trading at $26.58, has seen its stock decline 40% over the past year despite maintaining a GOOD financial health score according to InvestingPro analysis.
The company indicated that the notice and proxy materials related to the meeting were filed with the SEC on August 15, 2025, and an amended notice was filed on September 9, 2025, to update the meeting time. All proposals outlined in the proxy statement were passed by the requisite majority of shareholders. With revenue of nearly $11 billion and robust growth of 13% year-over-year, Zooz Power demonstrates strong operational performance. InvestingPro subscribers can access detailed analysis and additional metrics about the company’s financial position.
Zooz Power stated that the private placement and bitcoin treasury reserve strategy, along with all related proposals, received shareholder approval during the meeting. Details regarding the terms of the private placement and the specifics of the bitcoin strategy were not disclosed in the filing.
The information in this article is based on a press release statement included in the company’s Form 6-K SEC filing.
In other recent news, Coca-Cola Europacific Partners has been actively engaging in a share buyback program, reporting a series of repurchases across multiple trading venues. The company confirmed acquisitions of its ordinary shares on both US and London exchanges, with prices ranging from $89.03 to $90.50 in the US and £65.80 to £66.80 in London. This activity is part of a larger buyback initiative announced earlier, with the current tranche aiming to repurchase up to €255 million worth of shares by November 6, 2025. The buyback program involves prominent financial institutions such as Goldman Sachs & Co. LLC and Goldman Sachs International, facilitating purchases across various platforms. Meanwhile, Thumzup Media Corp has announced a merger agreement with Dogehash Technologies, an industrial-scale blockchain infrastructure company. Under the agreement, Thumzup Media will change its name to Dogehash Technologies Holdings, Inc. and issue 30,700,000 shares of restricted common stock to Dogehash shareholders. This merger will result in Dogehash becoming a wholly-owned subsidiary of Thumzup Media.
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