IPO - ZOOZ Power Ltd.

Form Type: F-1

Filing Date: 2025-01-14

Corporate Action: Ipo

Type: New

Accession Number: 000149315225002130

Filing Summary: ZOOZ Power Ltd. filed a registration statement on Form F-1 with the SEC on January 14, 2025, for an initial public offering of 4,937,340 ordinary shares. The proposed maximum aggregate offering price is $12,000,000, which includes 39,381 shares previously issued to Yorkville as consideration for its commitment to subscribe for advance shares. The shares will be sold over a two-year period following the effective date of the registration. The offering price, terms, and amounts will be determined at the time of sale under the Standby Equity Purchase Agreement (SEPA) entered into with Yorkville. The registration statement indicates that ZOOZ is a foreign private issuer and an emerging growth company under U.S. federal law, subject to reduced reporting requirements. Additional risks are detailed in the prospectus, highlighting the significant investment risk involved in purchasing these shares. The ordinary shares will be traded on Nasdaq under the symbols 'ZOOZ' and associated public warrants under 'ZOOZW'.

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