Jiuzi New Energy, a Chinese auto dealer listed on NASDAQ, has announced a $5.5 million registered direct offering. The company plans to sell 9,220,000 shares of its common stock and issue warrants for an additional 18,440,000 shares in a concurrent private placement. The offering is expected to close by September 30, 2025, pending customary conditions. Jiuzi New Energy intends to allocate approximately 70% of the proceeds to cryptocurrency investments, marking a significant shift towards digital assets.
Jiuzi New Energy to Raise $5.5 Million for Crypto Investments
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