<div id="readability-page-1">Jiuzi Holdings ( JZXN ) has secured institutional commitments that could boost its private placement financing to $1 billion, marking a major step as the company rapidly pivots to crypto asset services. The new commitments greatly expand the private placement first announced in October, when Jiuzi ( JZXN ) aimed to raise $12 million. This signals strong investor support for the company's new direction. Jiuzi ( JZXN ), primarily a new energy vehicle dealer in China, plans to use the funds to build its crypto asset services platform. Also Read: Sonic Automotive Warns Of Tariff Uncertainty Even As Sales Hit Record Highs Investments will focus on secure custody infrastructure and advanced storage solutions for institutional and enterprise clients amid growing demand for digital asset services. CEO Tao Li stated that the investor commitments reinforce confidence in the company's direction and provide additional financial flexibility. &#34;The strong trust placed by investors validates our strategic vision and execution capabilities. This substantial additional capital provides us with significant financial flexibility to build secure crypto asset custody infrastructure and pursue strategic acquisition opportunities within the rapidly evolving crypto asset storage ecosystem.&#34; Separately, Jiuzi's ( JZXN ) board approved a 1-for-40 reverse stock split to meet Nasdaq's $1 minimum bid price. Effective December 10, the move reduced outstanding shares from 50.2 million to 1.26 million, without affecting shareholders' proportional ownership. JZXN Price Action: Jiuzi Hldgs ( JZXN ) shares were up 1.42% at $5.70 at the time of publication on Friday, according to Benzinga Pro data. Read Next: <ul> <li>3 Macro Factors Driving The Bitcoin Drawdown From $120,000 To $90,000</li> </ul> Photo by Alexandru Nika via Shutterstock</div>

JZXN

九紫控股（NASDAQ:JZXN），一家中國新能源車經銷商，已獲得機構承諾，將其私募融資擴大至 10 億美元，用於加密資產服務。這些資金將用於建立一個加密資產服務平台，重點關注安全的保管基礎設施和先進的存儲解決方案。此外，九紫的董事會批准了 1 股換 40 股的反向股票拆分，以滿足納斯達克 1 美元的最低報價要求。股價上漲 1.42%，報 5.70 美元

一家小型中國新能源汽車經銷商計劃向加密貨幣領域轉型，目標是 10 億美元