Jiuzi New Energy plans to conduct a $5.5 million registered direct offering, with 70% of the proceeds to be invested in crypto assets

The company expects to receive gross proceeds of $5.5 million from the registered direct offering and the concurrent private placement. The offering is expected to close on or about September 30, 2025, subject to customary closing conditions. The company intends to invest approximately 70% of the proceeds from the offering in cryptocurrency assets.