Bitcoin Treasury company ZOOZ Strategy announced the launch of a $50 million stock buyback program

On November 3rd, the Bitcoin treasury company ZOOZ Strategy Ltd. listed in Israel announced today that its board of directors has given the green light to start a stock repurchase program. The intention is to repurchase up to a maximum of $50 million of the company's outstanding common stock, provided that it complies with regulatory requirements. The stock repurchase program has a duration of 12 months and can be carried out by the company through various means on a non-periodic basis, such as open market purchases, negotiated transactions, or other methods in accordance with applicable laws. The company stated that the program does not require the repurchase of a specific number of shares, and the company has the right to voluntarily decide to suspend or terminate the program at any time. In accordance with the Israeli Regulations for Facilitating the Trading of Securities of a Company Listed Outside Israel (5760 - 2000) and the Approval of Distribution Regulations (5761 - 2001), the company must wait for 30 days after notifying creditors before officially starting the repurchase.