ZOOZ Power to go public via a SPAC merger with Keyarch Acquisition in a $100m deal.

ZOOZ Power, a provider of flywheel-based power boosting solutions for the EV charging infrastructure market, agreed to go public via a SPAC merger with Keyarch Acquisition, a special purpose acquisition company, in a $100m deal. "This transaction is an important phase for ZOOZ and comes at a perfect time. As we further develop our world-wide installed base and with the initiation of our US presence, we believe expanding from being traded on the TASE to being traded on Nasdaq as well, will provide us with enhanced geographic exposure and simpler access to working capital. We are excited about the partnership with Keyarch and we look forward to working together with their experienced executives," Avi Cohen, ZOOZ Chairman.