According to BlockBeats, ZOOZ Power Ltd., a publicly traded company on the U.S. stock market, has announced a private placement of $180 million to implement a Bitcoin treasury reserve strategy. This private investment in public equity (PIPE) is pending shareholder approval and is expected to involve the sale of 180 million shares of common stock at $1 per share, along with prepaid warrants.
The PIPE participants include strategic investors such as Pantera Capital, FalconX, Arrington Capital, UTXO Management, ATW Partners, and notable Israeli investor Alex Rabinovitch.