Jiuzi Signs Strategic Investment Agreement with Morgan International
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: seekingalpha
- Strategic Investment Agreement: Jiuzi Holdings has signed a memorandum of understanding with Morgan International Finance, under which Morgan plans to invest up to $90 million at $3 per share, thereby strengthening the company's capital base and supporting its expansion in blockchain infrastructure and digital assets.
- Investment Structure Details: According to the key terms outlined in the memorandum, Morgan will invest in Jiuzi's shares through a structured arrangement, with specific investment structure, source of shares, and lock-up arrangements to be finalized in further negotiations, ensuring flexibility and security in the investment.
- Ecosystem Expansion: This investment will support Jiuzi's expansion in the Web3 ecosystem, expected to drive innovation and development in the digital asset space, further enhancing its market competitiveness.
- Collaboration Potential: Morgan International's investment not only provides financial support to Jiuzi but may also open up strategic collaboration opportunities, positioning the company favorably in the rapidly evolving blockchain and cryptocurrency markets.
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About JZXN
Jiuzi Holdings Inc is a holding company principally engaged in operating new energy vehicles (NEVs) retail stores. The Company's main businesses include sales of new energy batteries, including production, transportation, and packaging, sales and production of electric vehicles, including two-wheelers, three-wheeled electric scooters, and slow-speed vehicles. The Company sells new energy vehicles under brand name Jiuzi. The Company mainly operates its businesses in the domestic and overseas market.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
