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Thursday, April 4, 2024

Equity Corporate Actions Alert #2024 - 175
(UPDATED: Closed) Information Regarding the Business Combination of Keyarch Acquisition Corporation (KYCH/R/W/U) & ZOOZ Power Ltd.

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  • Industry Announcement

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The business combination of Keyarch Acquisition Corporation (KYCH/R/W/U) & ZOOZ Power Ltd. closed today, April 4, 2024. As a result of the business combination, the ordinary shares, right, warrant, and unit of Keyarch Acquisition Corporation (KYCH/R/W/U) will be suspended from trading. The suspension details are as follows:

Company Name/Issue: Keyarch Acquisition Corporation Ordinary Shares
CUSIP#: G5260A104
Symbol: KYCH
Last Trading Date: April 4, 2024
Marketplace Effective Date for Suspension: April 5, 2024
Merger Consideration: One (1) ZOOZ Power Ltd. Ordinary Shares (ZOOZ) for each share held.
Company Name/Issue: Keyarch Acquisition Corporation Rights
CUSIP#: G5260A120
Symbol: KYCHR
Last Trading Date: April 4, 2024
Marketplace Effective Date for Suspension: April 5, 2024
Merger Consideration: One (1) ZOOZ Power Ltd. Ordinary Shares (ZOOZ) for every 10 rights held.
Company Name/Issue: Keyarch Acquisition Corporation Warrant
CUSIP#: G5260A112
Symbol: KYCHW
Last Trading Date: April 4, 2024
Marketplace Effective Date for Suspension: April 5, 2024
Merger Consideration: One (1) ZOOZ Power Ltd. Warrant (ZOOZW) for every warrant held.
Company Name/Issue: Keyarch Acquisition Corporation Unit
CUSIP#: G5260A138
Symbol: KYCHU
Last Trading Date: April 4, 2024
Marketplace Effective Date for Suspension: April 5, 2024
Merger Consideration: Unit will separate into its components.

As a result of the merger the combined company will list the ordinary shares (ZOOZ) and the warrants (ZOOZW) on the Nasdaq Capital Market and will be domiciled in Israel. The details are as follows:

Company Name/Issue: ZOOZ Power Ltd. Ordinary Shares
CUSIP#: M2573A106
Symbol: ZOOZ
Marketplace Effective Date: April 5, 2024

Company Name/Issue: ZOOZ Power Ltd. Warrant expiring 4/5/2029
CUSIP#: M2573A189
Symbol: ZOOZW
Marketplace Effective Date: April 5, 2024

If you would like to register as a market maker in ZOOZ or ZOOZW contact Nasdaq Trading Services at +1 212 231 5100.


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