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NEWS
ZOOZ Power Enters Standby Equity Purchase Agreement to Further Growth Strategy
ZOOZ Power has entered into a Standby Equity Purchase Agreement (SEPA) with Yorkville Advisors Global's investment fund. The agreement allows ZOOZ to sell up to $12 millionin ordinary shares over a two-year period at 97% of the Market Price. The company maintains discretionary control over the timing and volume of share issuances, with restrictions including a 4.99% ownership cap for Yorkville and a 19.99% limit on total shares issued within any 12-month period. The implementation requires SEC registration statement approval. This financing mechanism aims to support ZOOZ's growth strategy in the EV charging solutions market.
ZOOZ Power has entered into a Standby Equity Purchase Agreement (SEPA) with Yorkville Advisors Global's investment fund. The agreement allows ZOOZ to sell up to $12 millionin ordinary shares over a two-year period at 97% of the Market Price. The company maintains discretionary control over the timing and volume of share issuances, with restrictions including a 4.99% ownership cap for Yorkville and a 19.99% limit on total shares issued within any 12-month period. The implementation requires SEC registration statement approval. This financing mechanism aims to support ZOOZ's growth strategy in the EV charging solutions market.
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