$180M Bitcoin Treasury Play: ZOOZ Makes History as First Nasdaq-TASE Listed Crypto Reserve Company

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ZOOZ Power Ltd. (Nasdaq/TASE: ZOOZ) has announced a significant strategic pivot, launching a $180 million private placement (PIPE) to implement a Bitcoin Treasury Reserve Strategy. The company will become the first Nasdaq and TASE dual-listed company to hold Bitcoin in its treasury.

The PIPE involves selling 180 million ordinary shares at $1.00 per share to institutional investors including Pantera Capital, FalconX, and Arrington Capital. Additionally, ZOOZ announced a separate $5 million initial private placement at $2.00 per share with accompanying warrants.

The company is undergoing major leadership changes, with Jordan Fried, former Hedera Hashgraph founding member, becoming CEO on July 31, 2025. The board will also welcome new directors including Todd Thomson, former Citigroup CFO, and other notable executives. ZOOZ plans to use 95% of the net proceeds for its Bitcoin treasury strategy after repaying $3 million in promissory notes.

ZOOZ Power Ltd. (Nasdaq/TASE: ZOOZ) ha annunciato una svolta strategica importante, lanciando un collocamento privato (PIPE) da 180 milioni di dollari per implementare una strategia di riserva in Bitcoin. La società diventerà la prima azienda quotata sia al Nasdaq che al TASE a detenere Bitcoin nel proprio tesoro.

Il PIPE prevede la vendita di 180 milioni di azioni ordinarie a 1,00 dollaro per azione a investitori istituzionali tra cui Pantera Capital, FalconX e Arrington Capital. Inoltre, ZOOZ ha annunciato un collocamento privato iniziale separato da 5 milioni di dollari a 2,00 dollari per azione con warrant associati.

La società sta attraversando importanti cambiamenti nella leadership, con Jordan Fried, ex membro fondatore di Hedera Hashgraph, che assumerà il ruolo di CEO il 31 luglio 2025. Il consiglio di amministrazione accoglierà anche nuovi direttori, tra cui Todd Thomson, ex CFO di Citigroup, e altri dirigenti di rilievo. ZOOZ prevede di utilizzare il 95% dei proventi netti per la sua strategia di tesoreria in Bitcoin, dopo aver rimborsato 3 milioni di dollari in cambiali.

ZOOZ Power Ltd. (Nasdaq/TASE: ZOOZ) ha anunciado un cambio estratégico significativo, lanzando una colocación privada (PIPE) de 180 millones de dólares para implementar una estrategia de reserva en Bitcoin. La compañía será la primera empresa cotizada en Nasdaq y TASE que posea Bitcoin en su tesorería.

El PIPE implica la venta de 180 millones de acciones ordinarias a 1,00 dólar por acción a inversores institucionales como Pantera Capital, FalconX y Arrington Capital. Además, ZOOZ anunció una colocación privada inicial separada de 5 millones de dólares a 2,00 dólares por acción con warrants asociados.

La empresa está experimentando importantes cambios en su liderazgo, con Jordan Fried, ex miembro fundador de Hedera Hashgraph, que asumirá el cargo de CEO el 31 de julio de 2025. El consejo también dará la bienvenida a nuevos directores, incluyendo a Todd Thomson, ex CFO de Citigroup, y otros ejecutivos destacados. ZOOZ planea usar el 95% de los ingresos netos para su estrategia de tesorería en Bitcoin después de pagar 3 millones de dólares en pagarés.

ZOOZ Power Ltd. (Nasdaq/TASE: ZOOZ)는 중대한 전략적 전환을 발표하며, 비트코인 재무준비 전략을 실행하기 위해 1억 8천만 달러 규모의 사모 투자(PIPE)를 시작했습니다. 이 회사는 나스닥과 TASE에 동시에 상장된 최초의 비트코인 보유 기업이 될 예정입니다.

이번 PIPE는 기관 투자자들인 Pantera Capital, FalconX, Arrington Capital 등을 대상으로 1주당 1달러에 1억 8천만 보통주를 판매하는 내용입니다. 또한 ZOOZ는 1주당 2달러에 500만 달러 규모의 별도 초기 사모 투자와 함께 워런트를 발표했습니다.

회사는 주요 경영진 변화를 겪고 있으며, Hedera Hashgraph 창립 멤버 출신인 Jordan Fried가 2025년 7월 31일에 CEO로 취임할 예정입니다. 이사회에는 전 Citigroup CFO인 Todd Thomson 등 주요 임원들이 새로 합류합니다. ZOOZ는 약속어음 300만 달러를 상환한 후, 순수익의 95%를 비트코인 재무 전략에 사용할 계획입니다.

ZOOZ Power Ltd. (Nasdaq/TASE : ZOOZ) a annoncé un virage stratégique important en lançant un placement privé (PIPE) de 180 millions de dollars pour mettre en œuvre une stratégie de réserve en Bitcoin. La société deviendra la première entreprise cotée à la fois au Nasdaq et au TASE à détenir des Bitcoins dans sa trésorerie.

Le PIPE consiste à vendre 180 millions d’actions ordinaires au prix de 1,00 dollar par action à des investisseurs institutionnels tels que Pantera Capital, FalconX et Arrington Capital. De plus, ZOOZ a annoncé un placement privé initial séparé de 5 millions de dollars à 2,00 dollars par action avec des bons de souscription associés.

L’entreprise connaît d’importants changements de direction, avec Jordan Fried, ancien membre fondateur de Hedera Hashgraph, qui deviendra PDG le 31 juillet 2025. Le conseil d’administration accueillera également de nouveaux administrateurs, dont Todd Thomson, ancien directeur financier de Citigroup, ainsi que d’autres cadres de renom. ZOOZ prévoit d’utiliser 95 % des produits nets pour sa stratégie de trésorerie Bitcoin après avoir remboursé 3 millions de dollars de billets à ordre.

ZOOZ Power Ltd. (Nasdaq/TASE: ZOOZ) hat eine bedeutende strategische Neuausrichtung angekündigt und führt eine Private Placement (PIPE) in Höhe von 180 Millionen US-Dollar ein, um eine Bitcoin Treasury Reserve Strategie umzusetzen. Das Unternehmen wird das erste an Nasdaq und TASE dual gelistete Unternehmen sein, das Bitcoin in seiner Treasury hält.

Das PIPE beinhaltet den Verkauf von 180 Millionen Stammaktien zu je 1,00 US-Dollar an institutionelle Investoren wie Pantera Capital, FalconX und Arrington Capital. Zusätzlich kündigte ZOOZ eine separate Initial Private Placement in Höhe von 5 Millionen US-Dollar zu 2,00 US-Dollar pro Aktie mit begleitenden Warrants an.

Das Unternehmen durchläuft bedeutende Führungswechsel, wobei Jordan Fried, ehemaliges Gründungsmitglied von Hedera Hashgraph, am 31. Juli 2025 CEO wird. Der Vorstand wird außerdem neue Direktoren begrüßen, darunter Todd Thomson, ehemaliger CFO von Citigroup, sowie weitere namhafte Führungskräfte. ZOOZ plant, 95 % des Nettoerlöses für seine Bitcoin Treasury Strategie nach Rückzahlung von 3 Millionen US-Dollar an Schuldscheinen zu verwenden.

Positive
Securing $180 million in PIPE financing from prominent institutional investors
Strategic pivot to Bitcoin treasury with 95% of proceeds allocated to digital assets
Bitcoin's historical performance of 82% CAGR over the past decade
Strengthened leadership team with experienced executives from finance and technology sectors
Additional $5 million private placement with warrant coverage

Negative
Significant dilution to existing shareholders through 180 million new shares
High concentration risk with 95% of proceeds allocated to a single volatile asset
Departure from core business focus and operational strategy
Subject to shareholder approval and regulatory risks

Insights

ZOOZ's $180M private placement to establish a Bitcoin treasury marks a strategic pivot that introduces novel crypto exposure to Nasdaq/TASE investors.

ZOOZ Power is executing a transformative strategic pivot with its announced $180 million private placement to establish a Bitcoin treasury reserve. This positions ZOOZ as the first dual-listed Nasdaq/TASE company to hold Bitcoin as a treasury asset, creating a unique investment vehicle in the Israeli public markets. The participation of established crypto-native investors like Pantera Capital, FalconX, and Arrington Capital validates this strategic direction.

The company is simultaneously undergoing a significant leadership transformation with the appointment of Jordan Fried as CEO. Fried's background as a founding member of Hedera Hashgraph brings crypto-native expertise to steer this new direction, while current CEO Erez Zimerman will continue managing the company's original flywheel-based power solutions business. This dual leadership structure suggests ZOOZ intends to maintain its existing operations while developing this new treasury strategy.

The corporate governance is being restructured with the addition of notable financial experts to the board, including former Citigroup CFO Todd Thomson and former Bank Leumi Executive Chairman Samer Haj-Yehia. These appointments bring traditional financial expertise to complement the crypto initiative, potentially helping navigate regulatory and compliance challenges.

ZOOZ's explicit mention of Bitcoin's 82% CAGR over the past decade signals the primary investment thesis - leveraging Bitcoin's historical performance to generate shareholder value through treasury appreciation rather than operational business growth. By allocating approximately 95% of the net proceeds to Bitcoin acquisition, ZOOZ is creating a publicly-traded vehicle that provides indirect Bitcoin exposure through equity markets, similar to MicroStrategy's approach but unique in the Israeli market context.

07/29/2025 - 07:36 AM
ZOOZ to become the first Nasdaq and TASE dual-listed company to hold Bitcoin in its treasury

The Board of Directors of the Company has approved the new strategy, which provides investors with exposure to Bitcoin

Jordan Fried to become CEO to lead the first Israeli digital asset treasury strategy

Largest offering by a Non-US Listed Company to launch a digital asset treasury strategy

TEL AVIV, Israel, July 29, 2025 (GLOBE NEWSWIRE) -- ZOOZ Power Ltd. (Nasdaq and TASE: ZOOZ) (“ZOOZ” or the “Company”) today announced a $180 million private placement, or PIPE, with accredited institutional investors in connection with its plans to launch a Bitcoin Reserve Strategy. The PIPE, which is subject to shareholders’ approval, is expected to involve the sale of 180 million of the Company’s ordinary shares and pre-funded warrants at a purchase price of $1.00 per ordinary share. Participants in the PIPE include strategic investors Pantera Capital, FalconX, Arrington Capital, UTXO Management, ATW Partners and prominent Israeli investor Alex Rabinovitch.

In connection with its approval of the PIPE, the Company’s Board of Directors approved the employment of Jordan Fried, a serial technology entrepreneur and investor, who is expected to assume the role of Chief Executive Officer and Director of the Company on July 31^st, and to immediately begin implementing the Company’s digital asset treasury strategy. Mr. Fried was a founding‑team member of Hedera Hashgraph (HBAR), where he led global go‑to‑market initiatives and strategic investments. The Company’s current Chief Executive Officer, Erez Zimerman, will continue to lead ZOOZ Power’s flywheel-based advanced solutions, overseeing power booster and energy management systems globally.

Also expected to join the Company’s Board of Directors on July 31 are:
Todd Thomson, former CFO of Citigroup and CEO of Citigroup’s Global Wealth Management and Alternative Asset divisions and
Samer Haj-Yehia, former Executive Chairman of Bank Leumi.

In addition, the Company’s Board of Directors nominated the following as directors at the Company’s upcoming annual shareholders’ meeting:
John Christodoro, who has served on boards that include PayPal, Ebay, Xerox, Cheniere Energy, Herbalife, Lyft and Hologix; and
Jonas Grossman, Co-Founder and President of Chardan.

“As ZOOZ evolves into a dual-listed Bitcoin treasury pioneer, U.S. and Israeli-based investors gain seamless access to our model,” said Jordan Fried, incoming Chief Executive Officer of ZOOZ. “The company intends to leverage every resource available to a dual-listed entity to scale its Bitcoin holdings, while signaling crypto-native and innovation-focused stakeholders that we are forward-thinking. We see our treasury evolving into a strategic asset that drives growth, stability, and differentiation.” Bitcoin has delivered approximately 82% CAGR over the past decade.¹

“This pivot in ZOOZ’s business strategy is a significant milestone for the Company,” said Avi Cohen, Executive Chairman of ZOOZ. “ZOOZ is the first Nasdaq and TASE dual-listed company to hold Bitcoin in its treasury. We are positioning ourselves at the forefront of financial innovation while strengthening our financial resilience. As global financial infrastructure evolves, we believe in the transformative potential of digital assets as a growth opportunity. Incorporating Bitcoin into our treasury better aligns us with a digital future, and we believe that it will significantly enhance long-term shareholder value.”

The closing of the PIPE is subject to a shareholder vote, expected to be held on or around September 8, 2025, to approve the terms of the PIPE, an amendment to the Company’s articles of association to increase the number of its authorized shares, the election of two directors and various other items.

The PIPE is expected to close shortly following the receipt of shareholders’ approval. ZOOZ expects to receive aggregate gross proceeds of $180 million from the PIPE, before deducting offering expenses and placement agent fees. ZOOZ intends to use approximately 95% of the net proceeds to execute its Bitcoin treasury strategy after repayment of its approximately $3 million in outstanding promissory notes, with the remaining portion of the net proceeds to be used for general corporate purposes.

ZOOZ also announced today an initial private placement with certain institutional accredited investors that is expected to close on July 31, 2025. This private placement is expected to involve the sale of 2.5 million of the Company’s ordinary shares (and pre-funded warrants) at a purchase price of $2.00 per ordinary share, with each share (or pre-funded warrant) accompanied by a warrant to purchase two ordinary shares at an exercise price of $3.06 per share. ZOOZ expects to receive aggregate gross proceeds of $5 million from the initial private placement, before deducting offering expenses.

The offer and sale of the securities to be sold in the PIPE and the initial private placement, including the ordinary shares underlying the warrants and pre-funded warrants, are being made in transactions not involving a public offering, and the securities have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or any applicable state securities laws and, unless so registered, may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Securities Act and such applicable state securities laws. Concurrently with the execution of the securities purchase agreements related to the PIPE and the initial private placement, ZOOZ and the investors entered into registration rights agreements, pursuant to which the Company agreed to file certain resale registration statements with the Securities and Exchange Commission (the “SEC”) to register the resale of the ordinary shares purchased (whether directly or through exercise of warrants) by the investors in the PIPE and the initial private placement.

This press release shall not constitute an offer to sell, or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Advisors

Chardan is acting as sole placement agent to ZOOZ

Cooley LLP is acting as U.S. legal advisor to ZOOZ

Shibolet & Co. is acting as Israeli legal advisor to ZOOZ

Goodwin Procter LLP is acting as U.S. legal advisor to Chardan

Sullivan & Worcester LLP is acting as Israeli legal advisor to Chardan

MS-IR LLC is acting as U.S. Investor Relations Advisor

PwC Israel are the Independent Auditors of ZOOZ

About ZOOZ

ZOOZ Power is a leading provider of flywheel-based power boosting and energy management solutions, accelerating the deployment of ultra-fast electric vehicle (EV) charging infrastructure by overcoming existing grid limitations. In parallel with its core energy technology business, upon the closing the Private Placement, ZOOZ will be the first Nasdaq and TASE dual-listed company implementing a long-term strategic Bitcoin treasury. This innovative approach positions ZOOZ as both a pioneer in sustainable, high-performance EV charging and a forward-thinking capital allocator. Shareholders are expected to benefit from long-term, asymmetric upside through direct exposure to Bitcoin, widely regarded as digital gold, while ZOOZ’s core flywheel technology continues to drive growth, efficiency, and environmental sustainability across global charging networks. ZOOZ is publicly traded on Nasdaq and TASE under the ticker ZOOZ.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. All statements in this press release other than statements of historical facts are “forward-looking statements. These statements may be identified by words such as “aims,” “anticipates,” “believes,” “could,” “estimates,” “expects,” “forecasts,” “goal,” “intends,” “may,” “plans,” “possible,” “potential,” “seeks,” “will” and variations of these words or similar expressions that are intended to identify forward-looking statements, although not all forward-looking statements contain these words. Forward-looking statements in this press release include statements regarding the timing, size and completion (including the ability to meet the required closing conditions such as the ability to get shareholder approval) of each of the PIPE and the initial private placement, the anticipated use of proceeds from each of the PIPE and the initial private placement and the implementation of the Company’s Bitcoin treasury strategy and the potential value to shareholders. These forward-looking statements are based on ZOOZ’s expectations and assumptions as of the date of this press release. Each of these forward-looking statements involves risks and uncertainties that could cause ZOOZ’s future results or performance to differ materially from those expressed or implied by the forward-looking statements. Many factors may cause differences between current expectations and actual results, including: the impacts of macroeconomic conditions, heightened inflation and uncertain credit and financial markets, on ZOOZ’s business and financial position; changes in expected or existing competition; changes in the regulatory environment; unexpected litigation or other disputes; risks related to the new Bitcoin treasury program; the risk that ZOOZ's stock price may be highly correlated to the price of the Bitcoin that it holds; risks relating to significant legal, commercial, regulatory, and technical uncertainty regarding digital assets generally; risks relating to the treatment of crypto assets for U.S. and foreign tax purpose; general market, political, and economic conditions in the countries in which ZOOZ operates, including Israel; and the effect of the evolving nature of the recent war in Israel. Other factors that may cause ZOOZ’s actual results to differ from those expressed or implied in the forward-looking statements in this press release are identified under the heading “Risk Factors” in ZOOZ’s annual report on Form 20-F filed with the SEC on March 7, 2025, and in other filings that ZOOZ makes and will make with the SEC in the future. ZOOZ expressly disclaims any obligation to update any forward-looking statements contained herein, whether as a result of any new information, future events, changed circumstances or otherwise, except as otherwise required by law.
Investor Contact:

Miri Segal – CEO
MS-IR LLC
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¹ Source: Bitcoin Charts & Data, July 29, 2025 - CaseBitcoin.com

FAQ

What is ZOOZ's new Bitcoin Treasury Reserve Strategy?

ZOOZ plans to allocate 95% of its $180 million PIPE proceeds to become the first Nasdaq and TASE dual-listed company to hold Bitcoin in its treasury, positioning itself for digital asset exposure.

Who is Jordan Fried and what is his role at ZOOZ (ZOOZ)?

Jordan Fried is a serial technology entrepreneur and former founding member of Hedera Hashgraph who will become ZOOZ's new CEO on July 31, 2025, leading the company's digital asset treasury strategy.

How much money did ZOOZ raise in its private placement?

ZOOZ raised $180 million through a PIPE offering at $1.00 per share, plus an additional $5 million initial private placement at $2.00 per share with warrant coverage.

What institutional investors participated in ZOOZ's PIPE financing?

The PIPE included strategic investors Pantera Capital, FalconX, Arrington Capital, UTXO Management, ATW Partners and Israeli investor Alex Rabinovitch.

When will ZOOZ shareholders vote on the Bitcoin strategy?

ZOOZ shareholders will vote on the PIPE terms and Bitcoin strategy at a meeting expected to be held around September 8, 2025.

How will ZOOZ's existing business operations be affected?

Current CEO Erez Zimerman will continue leading ZOOZ Power's core flywheel-based solutions and energy management systems globally, while the new strategy adds Bitcoin treasury operations.