ZOOZ Power Ltd. Share Registration Transfer
Ticker: ZOOZW · Form: 6-K · Filed: Jul 18, 2024 · CIK: 1992818
| Field | Detail |
|---|---|
| Company | Zooz Power Ltd. (ZOOZW) |
| Form Type | 6-K |
| Filed Date | Jul 18, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-transfer, administrative, registration
Related Tickers: ZOOZ
TL;DR
ZOOZ Power Ltd. moved its shares from a nominee to its transfer agent for DTC registration.
AI Summary
ZOOZ Power Ltd. announced on July 17, 2024, that the registration of its ordinary shares, previously held by a Tel-Aviv Stock Exchange nominee company, has been transferred to the Company's transfer agent, Continental Stock Transfer & Trust. These shares will now be registered under Cede & Co. in the Tel-Aviv Stock Exchange (TASE) account at DTC.
Why It Matters
This administrative change impacts how ZOOZ Power Ltd.'s shares are held and registered, potentially affecting trading and settlement processes on the Tel-Aviv Stock Exchange.
Risk Assessment
Risk Level: low — This filing describes an administrative change in share registration and does not appear to involve financial transactions or operational changes that would significantly impact the company's risk profile.
Key Players & Entities
- ZOOZ Power Ltd. (company) — Registrant
- July 17, 2024 (date) — Date of announcement and transfer
- Continental Stock Transfer & Trust (company) — Company's transfer agent
- Cede & Co. (company) — Entity under which shares will be registered
- Tel-Aviv Stock Exchange (company) — Stock exchange involved
- DTC (company) — Depository Trust Company
FAQ
What is the primary purpose of this Form 6-K filing?
The primary purpose is to announce the transfer of registration of ZOOZ ordinary shares from a Tel-Aviv Stock Exchange nominee company to the Company's transfer agent, Continental Stock Transfer & Trust, for registration under Cede & Co. at DTC.
When did this share registration transfer occur?
The announcement states that the transfer was effective as of July 17, 2024.
Who is the current transfer agent for ZOOZ Power Ltd.'s shares?
The filing identifies Continental Stock Transfer & Trust as the Company's transfer agent.
Under whose name will the ZOOZ ordinary shares be registered at DTC?
The shares will be registered under the name of Cede & Co. in the Tel-Aviv Stock Exchange account at DTC.
What is the nominal value of each ZOOZ ordinary share?
The nominal value of each ZOOZ ordinary share is NIS 0.00286.
Filing Stats: 311 words · 1 min read · ~1 pages · Grade level 11.2 · Accepted 2024-07-18 16:01:08
Filing Documents
- form6-k.htm (6-K) — 16KB
- 0001493152-24-028326.txt ( ) — 17KB
From the Filing
SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of July 2024 Commission File Number: 001-42005 ZOOZ Power Ltd. (Translation of registrant’s name into English) 4B Hamelacha St. Lod 7152008 Israel (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F Form 40-F ZOOZ Power Ltd. (the “ Company ”) announces that on July 17, 2024, the registration of the ZOOZ ordinary shares, nominal value NIS 0.00286 per share, registered under the name of the Tel-Aviv Stock Exchange nominee company (the “ Nominee Company ”) and outstanding as of such date (the “ Shares ”), was transferred from the Nominee Company to the Company’s transfer agent, Continental Stock Transfer & Trust, to be registered under the name of Cede & Co. in the Tel-Aviv Stock Exchange (the “ TASE ”) account at DTC, instead of under the name of the Nominee Company. Such transfer does not change any of the rights attached to the Shares and is intended solely to enable an easier transfer of the Shares between the TASE and the Nasdaq Capital Market for ZOOZ shareholders wishing to do so. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. This Form 6-K, including all exhibits hereto, is hereby incorporated by reference into the Company’s Registration Statement on Form F-1, File No. 333- 279223 and into the Company’s Registration Statement on Form S-8, File No. 333-280741 . ZOOZ Power Ltd. Date: July 18, 2024 By: /s/ Avi Cohen Name: Avi Cohen Title: Chairman of the Board of Directors