Brief: Zooz Power Ltd To Become Publicly Traded On Nasdaq

Keyarch Acquisition

31/07/2023 13:17

July 31 (Reuters) - Keyarch Acquisition Corp  KYCH.O :
    * ZOOZ POWER LTD. TO BECOME PUBLICLY TRADED ON NASDAQ
THROUGH
PROPOSED BUSINESS COMBINATION WITH KEYARCH ACQUISITION
CORPORATION
    * ZOOZ POWER LTD - TRANSACTION VALUES ZOOZ IMMEDIATELY PRIOR
TO
CLOSING AT AN AGREED EQUITY VALUE OF UP TO $100 MILLION
    * ZOOZ POWER LTD - COMPANY IS EXPECTED TO RETAIN ITS
EXPERIENCED
MANAGEMENT TEAM, WITH BOAZ WEIZER AS CEO AND RUTH SMADJA AS CFO
    * ZOOZ POWER LTD - IS EXPECTED TO BE PUBLICLY LISTED ON
NASDAQ
UNDER SYMBOL "ZOOZ", AND WILL REMAIN LISTED ON TEL AVIV STOCK
EXCHANGE ("TASE")

Source text for Eikon:  ID:nGNXbcFddR 
Further company coverage:  KYCH.O 

 ((Reuters.Briefs@thomsonreuters.com;))