Jiuzi Holdings prices 9.22M shares at 60c in registered direct offering

Jiuzi Holdings (JZXN) entered into a securities purchase agreement with certain institutional investors for the purchase and sale of 9,220,000 shares in a registered direct offering. In a concurrent private placement, the Company also agreed to issue and sell unregistered Warrants to purchase up to an aggregate of 18,440,000 Ordinary Shares. The combined effective offering price for each Ordinary Share and the accompanying Warrants is $0.60. Each private placement warrant will be immediately exercisable, expire five and one-half years from the initial exercise date and will have an exercise price of $0.60 per share. The combined gross proceeds to the Company from the registered direct offering and concurrent private placement are estimated to be $5.5 million before deducting the placement agent’s fees and other estimated offering expenses. The offering is expected to close on or about September 30, 2025, subject to the satisfaction of customary closing conditions. The Company plans to use around 70% of the proceeds from this offering to invest in cryptocurrency assets. Maxim Group LLC is acting as the sole placement agent in connection with the offering.