ZOOZ Power Ltd. Ordinary Shares To Trade On Nasdaq On April 5, 2024, Under The Symbol "ZOOZ" As The Business Combination Between Keyarch Acquisition Corporation And ZOOZ Power Ltd. Has Been Completed
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Keyarch Acquisition Corporation (NASDAQ:KYCH) and ZOOZ Power Ltd. (TASE:ZOOZ) have completed their business combination, with ZOOZ's ordinary shares and public warrants set to trade on Nasdaq under the symbols 'ZOOZ' and 'ZOOZW' respectively, starting April 5, 2024. This merger marks ZOOZ's entry into Nasdaq, enhancing its growth in the EV charging infrastructure market. The merger was supported by a $13 million PIPE investment from accredited investors.
April 04, 2024 | 8:16 pm
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Keyarch Acquisition Corporation has completed its merger with ZOOZ Power Ltd., with ZOOZ set to trade on Nasdaq. This strategic move could enhance Keyarch's market position in the EV charging sector.
The completion of the merger with ZOOZ Power Ltd., a leader in EV charging solutions, and the subsequent Nasdaq listing underlines a strategic expansion and potential growth in the EV sector for Keyarch. The $13 million PIPE investment further supports this positive outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
ZOOZ Power Ltd. is set to trade on Nasdaq under 'ZOOZ' following its merger with Keyarch Acquisition Corporation, aiming to accelerate its growth in the EV charging infrastructure market.
ZOOZ Power Ltd.'s listing on Nasdaq through the merger with Keyarch Acquisition Corp signifies a major milestone, potentially boosting its visibility and investment appeal in the rapidly growing EV charging market.
CONFIDENCE 90
IMPORTANCE 95
RELEVANCE 100