Jiuzi Holdings Sets New Milestone with $5.5 Million Offering

Jiuzi Holdings, Inc. Engages in $5.5 Million Registered Direct Offering

HANGZHOU, China — Jiuzi Holdings, Inc. (Nasdaq: JZXN) has made headlines with a significant financial move, announcing the pricing of a $5.5 million registered direct offering. This initiative is set to bolster the company’s financial strength and enhance its operations in the rapidly evolving sector of new energy.

Investment and Offering Details

In a deal with institutional investors, Jiuzi has agreed to sell an impressive 9,220,000 Ordinary Shares at a combined effective offering price of $0.60 per share. Accompanying this offering are unregistered Warrants, which allow investors to purchase an additional 18,440,000 Ordinary Shares at the same price. These Warrants will be immediately exercisable and have a lifespan of five and a half years, providing investors with opportunities to capitalize on future growth.

Proceeds Utilization

Estimated gross proceeds from this offering are anticipated to reach around $5.5 million before accounting for placement agent fees and other associated expenses. Notably, Jiuzi Holdings plans to channel approximately 70% of these proceeds into investments in cryptocurrency assets, marking a strategic pivot towards diversification in its capital structure.

The Role of the Placement Agent

Maxim Group LLC has been appointed as the sole placement agent for this offering, providing expertise and support throughout the process. Their involvement is crucial for facilitating the transaction and ensuring all compliance obligations are met.

Securities Registration and Compliance

The Ordinary Shares being offered are registered under a shelf registration statement, which was accepted by the U.S. Securities and Exchange Commission (SEC) in December 2022. All shares issued will adhere to regulatory requirements, and a prospectus supplement regarding this offering will be filed with the SEC to keep potential investors well-informed.

About Jiuzi Holdings, Inc.

Standing out as a prominent player in China’s energy sector, Jiuzi Holdings focuses on providing smart charging infrastructure for new energy vehicles, especially in lower-tier cities. The company has cultivated expertise in high-power DC fast-charging stations and integrated energy storage systems. Jiuzi’s mission is to further expand its intelligent charging network by 2026, playing a vital role in promoting carbon neutrality and the shift towards sustainable transport solutions.

Innovation in Cryptocurrency Investments

With the recent expansion into cryptocurrency investments, Jiuzi Holdings aims to fortify its position in the fast-paced digital economy. By embracing innovative asset classes, Jiuzi plans to not just stabilize but invigorate its capital framework.

Investor Relations and Media Inquiries

For those interested in learning more about Jiuzi Holdings or the recent financial activities, investor inquiries can be directed to the company. Interested parties are encouraged to reach out via email to iris@jzxn.com.

Frequently Asked Questions

What is the purpose of Jiuzi Holdings’ recent offering?

Jiuzi Holdings aims to strengthen its financial position and invest approximately 70% of the proceeds into cryptocurrency assets.

How many shares are being offered in the registered direct offering?

The company is offering a total of 9,220,000 Ordinary Shares in this registered direct offering.

What are the terms of the warrants associated with the offering?

Each warrant is immediately exercisable, expires in five and a half years, and has an exercise price of $0.60 per share.

Who is the placement agent for this transaction?

Maxim Group LLC serves as the sole placement agent for the registered direct offering.

What industry does Jiuzi Holdings operate in?

Jiuzi operates in the renewable energy sector, focusing on smart charging infrastructure for new energy vehicles.

About The Author

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