Jiuzi New Energy announced that it is raising $5.5 million in financing, with 70% of the financing invested in crypto assets.

According to Odaily Planet Daily, Jiuzi New Energy (NASDAQ: JZXN) announced that it is raising $5.5 million in financing, including a registered direct offering and a parallel private placement. The financing is expected to be completed on September 30th. The company plans to invest approximately 70% of the funds in cryptocurrency assets. (Globenewswire)