Jiuzi Holdings, Inc. announced a private placement and entered into certain securities purchase agreement to issue 113,636,360 units on October 20, 2023. Each Unit consisting of one ordinary share at an issue price of $0.44 per share and a warrant to purchase three Shares with an initial exercise price of $1.10, at a price of $0.44 per Unit, for an aggregate purchase price of approximately $49,999,998.4, subject to various conditions to closing, including, among other things, receipt of the Company?s shareholders? approval of the SPA and the Offering.

The transaction included participation from non-U.S. Persons.