Overview

• The vote authorized the $180 million PIPE, related share and warrant issuance, and an increase in authorized share capital.
• ZOOZ says it would be the first company dual-listed on Nasdaq and TASE to formalize a Bitcoin reserve once the transaction closes.
• The company expects to close during the week of September 22, subject to customary closing conditions and exchange compliance.
• Approximately 95% of net proceeds, after repaying promissory notes, are earmarked for Bitcoin; outside estimates put potential purchases near 1,470 BTC at current prices.
• Alberto Franco and Jonas Grossman will join the board at closing, and shares spiked following the approval, according to market data reports.