ZOOZ Power Secures Shareholder Approval for Bitcoin Treasury Strategy

According to PANews, ZOOZ Power Ltd., a leader in energy management solutions, has announced that its shareholders have approved all proposals related to a previously announced $180 million private investment in public equity (PIPE) and a Bitcoin treasury reserve strategy. This decision was made during a special shareholder meeting. Following this approval, ZOOZ Power anticipates completing the PIPE during the week of September 22, 2025, subject to customary closing conditions and final documentation. The proceeds from the PIPE will primarily support ZOOZ's Bitcoin treasury reserve strategy. The company plans to allocate approximately 95% of the net proceeds, after repaying outstanding promissory notes, to purchase and hold Bitcoin.