ZOOZ Power shareholders approve $180 million fundraising to build a Bitcoin treasury

Odaily Planet Daily News: ZOOZ Power, a dual-listed company on the Nasdaq and Tel Aviv Stock Exchanges, announced that at a special shareholders meeting, shareholders have approved the previously announced $180 million fundraising to establish a Bitcoin treasury. The company plans to use approximately 95% of the net proceeds from the fundraising (after repaying outstanding promissory notes) to purchase and hold Bitcoin, making it the first company dual-listed on the Nasdaq and Tel Aviv Stock Exchanges to officially adopt a Bitcoin treasury reserve strategy. (Globenewswire)