$60 Million PIPE to Support Zooz Deal is being negotiated by Keyarch Acquisition 

Keyarch Acquisition Negotiating $60M PIPE to Support ZOOZ Deal

Keyarch Acquisition is in negotiations with investors to get a PIPE worth up to $60 million for its proposed merger with Zooz Power.

The target company is a provider of flywheel-based power boosting solutions for the EV charging infrastructure industry.

Closing requires a minimum cash contribution of $10 million. The equity value includes $60 million at closing plus up to $40 million in further contingent consideration via earnout shares.

Read more on https://news.spacconference.com/2024/02/12/keyarch-acquisition-negotiating-60m-pipe-to-support-zooz-deal/

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