Zooz Power announces 1-for-20 reverse share split

Zooz announced that a reverse share split of its issued and outstanding ordinary shares, par value NIS 0.00286 per share at a ratio of 1-for-20, is expected to be implemented before market open on June 1. The ordinary shares will begin trading on Nasdaq and on the Tel-Aviv Stock Exchange on a post-reverse split basis at the market open on June 1 in each case under the company’s existing trading symbol (ZOOZ).