Jiuzi Holdings, Inc. Announces Private Placement of Up to $30 Million for Cryptocurrency Acquisition

Jiuzi Holdings, Inc.: A Step Towards Cryptocurrency Investment

Jiuzi Holdings, Inc. (NASDAQ: JZXN) has made headlines with its recent announcement of a private placement aimed at raising up to $30 million, primarily earmarked for the acquisition of cryptocurrencies. The company has secured contracts for purchasing securities from select non-American institutional investors as part of this initiative, which is anticipated to enhance its financial positioning and diversify its investment portfolio.

Details of the Private Placement

The financial structure of this private offering includes units comprising one share of common stock priced at $0.42 each, along with three warrants. Importantly, each warrant will be exercisable for a period of three years from the date of issuance at a strike price of $0.50 per common share, which provides an attractive investment option during the specified period. Under certain circumstances, these warrants may be exercised via a cashless method, creating additional leverage for investors.

This strategic move is grounded in provisions that exempt the company from mandatory registration under the Securities Act of 1933, as amended, thereby streamlining their approach to secure necessary funding without the regulatory burdens typically associated with public offerings.

Utilizing the Proceeds

The net proceeds raised from this private placement are intended to bolster Jiuzi's investment in cryptocurrencies, aligning with the growing trend of traditional companies venturing into the digital asset space. This strategy not only reflects Jiuzi's forward-thinking approach but also places them in a favorable position to capitalize on the increasing acceptance and potential profitability of cryptocurrencies in today’s market.

About Jiuzi Holdings, Inc.

Headquartered in Changzhou, China, Jiuzi Holdings is a leading provider of smart charging infrastructure for new energy vehicles, particularly in China's tier-three and tier-four cities. The company's focus has been on high-performance DC fast-charging stations combined with energy storage capabilities. As part of its expansion plan, Jiuzi aims to enhance its intelligent charging network continuously, supporting China's carbon-neutral goals and promoting sustainable transportation.

With a commitment to innovation and growth, Jiuzi's investment in cryptocurrencies could signify a pivotal transformation in their business model, catering to the evolving needs of the market while exploring new financial avenues.

For further details on Jiuzi's developments and strategic vision, visit their official site at jzxn.com.

This announcement is not a solicitation of any kind for the purchase or sale of securities, and subject to applicable laws, reflects an important milestone in the evolution of Jiuzi Holdings within the fast-paced financial landscape. Investors keen on being part of this unique blend of traditional energy and innovative cryptocurrency ventures should keep a close watch on how Jiuzi navigates this promising territory.