Business Context and Reporting Period
Company: ZOOZ Power Ltd.
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Date: July 18, 2024
Context: The filing announces a corporate action regarding the registration of the Company's ordinary shares on the Tel-Aviv Stock Exchange (TASE).
Key Financial Metrics
This filing is a current report regarding share registration mechanics and does not contain financial statements. The filing text does not provide clear values for revenue, profit, cash flow, margins, debt, or liquidity.
Material Changes
Share Registration Transfer: On July 17, 2024, the registration of ZOOZ ordinary shares (nominal value NIS 0.00286 per share) was transferred from the Tel-Aviv Stock Exchange nominee company to the Company's transfer agent, Continental Stock Transfer & Trust.
New Registration: Shares are now registered under the name of Cede & Co. in the TASE account at DTC.
Purpose: This change is intended solely to facilitate easier transfer of shares between the TASE and the Nasdaq Capital Market for shareholders.
Impact on Rights: The transfer does not change any rights attached to the shares.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, risk factors, contingencies, or unusual items. It is strictly an administrative notice regarding share registry logistics.
Investor Verification Checklist
- Confirm that the transfer of share registration to Cede & Co. at DTC has been successfully processed.
- Verify that shareholder rights remain unchanged following the registration transfer.
- Check for any subsequent filings regarding the operational impact of the TASE-Nasdaq share transfer mechanism.