Jiuzi Holdings secures $1 billion for crypto pivot from initial $12 million target, signaling strong investor support.
Jiuzi Holdings (NASDAQ: JZXN) has received institutional commitments that could increase its private placement financing to $1 billion, a significant development as the company transitions to crypto asset services. Originally aiming to raise $12 million in October, Jiuzi's private placement has now expanded with the new commitments, highlighting substantial investor backing for its shift in focus. Formerly focused on being a new energy vehicle dealer in China, Jiuzi intends to utilize the funds towards developing its crypto-related activities.
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