Business Context and Reporting Period
Company: ZOOZ Power Ltd.
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Date: July 29, 2025
Context: The Company entered into a Sales Agreement with Chardan Capital Markets LLC to facilitate an "at-the-market" offering of ordinary shares.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. The document focuses exclusively on the authorization of a potential equity offering.
Material Changes
- Equity Offering Authorization: The Company may offer and sell up to $10.95 million of ordinary shares.
- Sales Agent: Chardan Capital Markets LLC was appointed as the sales agent.
- Compensation: The aggregate compensation payable to the sales agent is 3.0% of the aggregate gross sales price of shares sold.
- Trading Method: Sales may be made directly on The Nasdaq Capital Market or other existing trading markets.
Guidance, Outlook, and Risks
- Discretionary Sales: The Company is not obligated to sell any shares under the agreement. No assurance is given regarding the price, number of shares, or dates of any sales.
- Price Control: The Company may instruct the sales agent not to sell shares if sales cannot be effected at or above a price designated by the Company.
- Termination: The Sales Agreement may be terminated by either party as set forth in the agreement.
- Legal Opinion: An opinion regarding the legality of the issuance was provided by Shibolet & Co., Law Firm.
Investor Verification Checklist
- Verify the current market price of ZOOZ Power Ltd. ordinary shares to assess the potential dilution impact of a $10.95 million offering.
- Review the full text of the Sales Agreement (Exhibit 10.1) for specific termination clauses and price designation mechanisms.
- Confirm the status of the underlying shelf registration statement (File No. 333-288280) declared effective on July 9, 2025.
- Monitor future filings to determine if and when the Company instructs the sales agent to execute share sales.