Jiuzi holdings inc. announces closing of $2.3 million registered direct offering

Hangzhou, china, july 20, 2023 (globe newswire) -- jiuzi holdings inc. (nasdaq: jzxn; the "company"), a leading new energy vehicle (nev) dealership group operating under the brand name "jiuzi" in china, announced today the closing of its previously announced registered direct offering to certain institutional investors 1,395,151 of its ordinary shares, par value $0.018 per share, at a purchase price of $1.65 per share, for gross proceeds of approximately $2.3 million.
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