Zheng Fang Acquires Stake in ZOOZ Power Ltd.

TL;DR

**Zheng Fang just bought into ZOOZ Power! Big move incoming?**

AI Summary

On April 4, 2024, Zheng Fang, through Keyarch Global Sponsor Ltd., filed a Schedule 13D indicating beneficial ownership of ZOOZ Power Ltd. The filing details the acquisition of ordinary shares, with the specific number of shares and percentage of ownership to be detailed in subsequent filings. This action suggests a significant stake or potential influence by Zheng Fang in ZOOZ Power Ltd.

Why It Matters

This filing signals a new significant shareholder in ZOOZ Power Ltd., which could lead to changes in company strategy, management, or future corporate actions. Investors will be watching for further details on the extent of ownership and intentions.

Risk Assessment

Risk Level: medium — The filing indicates a new significant shareholder, which can introduce uncertainty and potential shifts in company direction, impacting stock price volatility.

Key Players & Entities

• Zheng Fang (person) — Filing person and beneficial owner
• Keyarch Global Sponsor Ltd. (company) — Entity through which Zheng Fang holds shares
• ZOOZ Power Ltd. (company) — Subject company
• NIS 0.00025 (dollar_amount) — Par value of ordinary shares

FAQ

Key Financial Figures

• $11.50 — Ordinary Share at an exercise price of $11.50 per share. Mr. Zheng is the majority sh
• $10.00 — hares ”), for a purchase price of $10.00 per share, in a private placement condu

Filing Documents

• ea0203744-sc13dzheng_zooz.htm (SC 13D) — 65KB
• ea020374401ex99-1_zooz.htm (EX-99.1) — 4KB
• 0001213900-24-032230.txt ( ) — 71KB

From the Filing

SC 13D 1 ea0203744-sc13dzheng_zooz.htm SCHEDULE 13D UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D (Amendment No. ) Under the Securities Exchange Act of 1934 ZOOZ Power Ltd. (Name of Issuer) Ordinary Shares, par value NIS 0.00025 (Title of Class of Securities) M2573A106 (CUSIP Number) ZOOZ Power Ltd. 4B Hamelacha St. Lod 7152008 Israel +972 (8) 6805566 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) April 4, 2024 (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. Note : Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent. * The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. M2573A106 1. Names of reporting persons Fang Zheng 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b) 3. SEC Use Only 4. Source of Funds (See Instructions) PF 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) 6. Citizenship or Place of Organization Hong Kong Number of Shares Beneficially Owned by Each Reporting Person With: 7. Sole Voting Power 2,614,800 (1) 8. Shared Voting Power 0 9. Sole Dispositive Power 2,614,800 (1) 10. Shared Dispositive Power 0 11. Aggregate Amount Beneficially Owned by Each reporting person 2,614,800 (1) 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) 13. Percent of Class Represented by Amount in Row (11) 21.67% (2) 14. Type of reporting person (See Instructions) IN (1) Represents (i) 150,000 ordinary shares, par value NIS 0.00025 per share (“ Ordinary Shares” ), of ZOOZ Power Ltd., an Israeli company (“the “ Issuer ”) held by Fang Zheng, (ii) 2,219,550 Ordinary Shares held by Keyarch Global Sponsor Limited (the “ Sponsor ”), and (iii) 245,250 Ordinary Shares issuable upon the exercise of private warrants of the Issuer (the “ Warrants ”) held by the Sponsor. The Warrants are exercisable beginning 30 days after completion of the Business Combination (as defined below), or May 4, 2024, until five years after such date, or May 4, 2029, and each Warrant is exercisable for one Ordinary Share at an exercise price of $11.50 per share. Mr. Zheng is the majority shareholder of the Sponsor and therefore could be deemed to be the beneficial owner of all of the securities of the Issuer held of record by the Sponsor. Mr. Zheng disclaims any beneficial ownership of the reported shares held by the Sponsor other than to the extent of any pecuniary interest he may have therein, directly or indirectly. (2) Percentage based on 12,066,115 outstanding Ordinary Shares as of April 4, 2024, being the date of the closing of the Business Combination, as defined in Item 3 below. 2 CUSIP No. M2573A106 1. Names of reporting persons Keyarch Global Sponsor Limited 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b) 3. SEC Use Only 4. Source of Funds (See Instructions) WC 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) 6. Citizenship or Place of Organization Cayman Islands Number of Shares Beneficially Owned by Each Reporting Person With: 7. Sole Voting Power 2,464,800 (1) 8. Shared Voting Power 0 9. Sole Dispositive Power 2,464,800 (1) 10. Shared Dispositive Power 0 11. Aggregate Amount Beneficially Owned by Each reporting person 2,464,800 (1) 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) 13. Percent of Class Represented by Amount in Row (11) 20.43% (2) 14. Type of reporting person (See Instructions) CO (1) Represents (i) 2,219,550 Ordinary Shares and (ii) 245,250 Ordinary Shares issuable upon the exercise of the Warrants held by the Sponsor. The Warrants are exercisable beginning 30 days after completion of the Business Combination, or May 4, 2024, unt

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