ZOOZ Power Ltd engages in the provision of electric vehicle charging technology solutions in Israel. The company offers its patented flywheel based kinetic power boosting technology used to boost charging in electric vehicle charging stations. The company was formerly known as Chakratec Ltd. ZOOZ Power Ltd was founded in 2013 and is based in Lod, Israel.
ZOOZ Strategy Announces Review and Evaluation of Strategic Alternatives to Complement Bitcoin Strategy
ZOOZ Strategy announced that its Board of Directors has authorized management to explore strategic alternatives to complement its existing bitcoin treasury strategy.
The review may include business combinations, acquisitions, strategic investments, or partnerships, but the company emphasized this does not signal a reduction in its commitment to holding bitcoin.
No specific transaction has been identified, and the company has not established a timetable for the completion of the review process.