PANews reported on September 30th that according to Globenewswire, Chinese auto dealer Jiuzi New Energy (NASDAQ: JZXN) announced that it has entered into securities purchase agreements with certain institutional investors to purchase and sell 9,220,000 shares of its common stock in a registered direct offering. In a concurrent private placement, the company also agreed to issue and sell unregistered warrants to purchase up to 18,440,000 shares of its common stock. Before deducting placement agent fees and other estimated offering expenses, the company is expected to receive gross proceeds of US$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 plans to invest approximately 70% of the proceeds from the offering in cryptocurrency assets.