Jiuzi Holdings to receive $90M investment from Morgan

Jiuzi Holdings (JZXN) has entered into a strategic Memorandum of Understanding with Morgan International. Pursuant to the MOU, Morgan intends to invest up to $90M in the company at a price of $3.00 per share. The specific investment structure, source of the shares, lock-up arrangements, closing steps, and timelines will be finalized upon further negotiations between the parties and the execution of legally binding definitive transaction documents. The proposed transaction remains subject to applicable laws and regulations, Nasdaq-related rules, potential regulatory approvals, and necessary internal corporate approvals. The company anticipates that, if implemented, this proposed investment would optimize its capital structure, diversify funding sources, and provide financial backing for the execution of digital asset strategies, Web3 infrastructure development, and related ecosystem expansion. The company cautions that the MOU constitutes a non-binding strategic framework.