$5.5M Capital Raise: Jiuzi Holdings to Invest 70% in Crypto Assets Through Direct Offering Deal
Summary
Announces Pricing of $5.5 Million Registered Direct Offering and Concurrent Private PlacementHANGZHOU, China, Sept. 29, 2025 (GLOBE NEWSWIRE) -- Jiuzi Holdings, Inc. (Nasdaq: JZXN) (Jiuzi or the Company), today announced that it has entered into a securities purchase agreement with certain institutional investors for the purchase and sale of 9,220,000 shares (the Ordinary Shares) in a registered direct offering. When available, copies of the prospectus supplement relating to the registered direct offering, together with the accompanying prospectus, can be obtained at the SECs website at www.sec.gov or from Maxim Group LLC, 300 Park Avenue, New York, NY 10022, Attention: Syndicate Department, or via email at syndicate@maximgrp.com or telephone at (212) 895-3500.The Warrants to be issued in the concurrent private placement and the shares issuable upon exercise of such warrants were offered in a private placement under Section 4(a)(2) of the Securities Act of 1933, as amended (the Act), and Regulation D promulgated thereunder and have not been registered under the Act or applicable state securities laws.This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state or jurisdiction.JZXN is a leading provider of smart charging infrastructure for new energy vehicles in Chinas lower-tier cities, specializing in high-power DC fast-charging stations (80kW160kW) and integrated energy storage systems. As part of its ongoing efforts to strengthen its balance sheet, the Company recently announced it has expanded into cryptocurrency asset investments to support a more diversified capital structure. Investors can identify these forward-looking statements by words or phrases such as "may," "will," "could," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "is/are likely to," "propose," "potential," "continue" or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law.