Jiuzi Holdings, Inc. (NASDAQ:JZXN) said Thursday it is negotiating with investors to potentially increase its recently completed $60 million private placement to as much as $100 million, at a proposed price of no less than $2 per share. The indicated price would represent a notable premium to the stock’s current level of $1.25 and sits above InvestingPro’s Fair Value estimate.
The company finalized its initial financing round on February 13 and noted that both participants from that round and additional prospective investors have expressed interest in joining an expanded offering.
Jiuzi said proceeds from the potential upsizing would support the acceleration of its Digital Asset Treasury (DAT) strategy. Planned uses include boosting digital asset reserves, refining portfolio allocation, speeding up deployment of on-chain applications, and strengthening treasury governance.
According to the company, the additional capital would be contributed in the form of equivalent cryptocurrency assets.
Management stated that investor appetite for a larger raise underscores institutional confidence in Jiuzi’s strategic direction and execution capabilities within the digital asset sector.
The company emphasized that talks are ongoing and that the ultimate size, pricing and terms of the offering remain subject to change. Final details will be disclosed in future SEC filings.
In separate recent developments, Jiuzi announced a strategic alliance with Xinhui Solar Technology Group Co., Ltd., involving a $30 million investment to expand into Southeast Asia’s electric vehicle infrastructure and service markets. The partnership will focus on building EV charging networks across major urban centers and transportation corridors in the region.
Additionally, Jiuzi has signed a non-binding memorandum of understanding with Morgan International Finance Ltd regarding a potential investment of up to $90 million, with terms still under negotiation.
The company also confirmed it has regained compliance with Nasdaq’s minimum bid price requirement, ensuring its continued listing. Together, these moves mark important steps in reinforcing Jiuzi’s market positioning and broadening its footprint in the new energy and digital asset sectors.