ZOOZ, a dual-listed company on Nasdaq and Tel Aviv, closed its first private financing round at $5M with warrants at $3.06 per share and plans to allocate 95% of proceeds to establish a Bitcoin reserve, pioneering a long-term BTC vault strategy.
PANews reported on August 6th that, according to GlobeNewswire, ZOOZ, a Nasdaq and Tel Aviv dual-listed company, completed its first round of private financing by raising $5 million at $2 per share with warrants priced at $3.06. This round is the first phase of a $180 million private placement, and following shareholder approval and note repayment, approximately 95% of the proceeds will be used to establish a Bitcoin reserve, marking the company as the first dual-listed entity to implement a long-term BTC vault strategy.