Jiuzi Holdings (NASDAQ:JZXN) has secured institutional commitments that could boost its private placement financing to $1 billion, marking a major step as the company rapidly pivots to crypto asset services.
The new commitments greatly expand the private placement first announced in October, when Jiuzi aimed to raise $12 million. This signals strong investor support for the company’s new direction.
Jiuzi, primarily a new energy vehicle dealer in China, plans to use the funds to …Full story available on Benzinga.com
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