ZOOZ Power enters standby equity purchase agreement to further growth strategy

ZOOZ Power (ZOOZ) announced that it has entered into a Standby Equity Purchase Agreement with YA II PN, an investment fund managed by Yorkville Advisors Global, LP. This agreement aligns with ZOOZ’s ongoing efforts to expedite growth and provides a flexible financing option to support future capital needs. “ZOOZ continues to gain industry recognition, as demonstrated by recent customer installations,” said Avi Cohen, ZOOZ Power’s Executive Chairman. “With this agreement, we have secured access to additional funding that can be deployed when and if needed. This strategic financing solution, as outlined in the SEC filing, provides ZOOZ with supplemental capital while allowing us to control the terms and timing of equity sales.”