SCHEDULE: Empery Asset Management Discloses 4.99% Stake in Jiuzi Holdings

Empery Asset Management, LP and Ryan M. Lane have reported a 4.99% beneficial ownership stake in Jiuzi Holdings, Inc., primarily through warrants.

Summary

• Empery Asset Management, LP and Ryan M. Lane reported beneficial ownership of 73,152 Ordinary Shares of Jiuzi Holdings, Inc.
• This ownership represents 4.99% of the company's outstanding Ordinary Shares.
• The reported shares include 73,152 Ordinary Shares issuable upon the exercise of warrants.
• The percentage is calculated based on 1,392,834 Ordinary Shares outstanding as of December 15, 2025, as reported in the Company's Prospectus Supplement on Form 424(b)(5).
• A 'Blocker' provision prevents the reporting persons from exercising warrants if it would result in beneficial ownership exceeding 4.99% of the outstanding Ordinary Shares.
• The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: The filing is a routine disclosure of beneficial ownership by an institutional investor, indicating a significant but non-controlling stake. It does not contain performance results or forward-looking statements from the issuer, thus maintaining a neutral sentiment.

Positives

• An institutional investor, Empery Asset Management, LP, holds a significant stake (4.99%), potentially indicating confidence in Jiuzi Holdings, Inc.
• The investment is stated to be in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.

Negatives

• The 'Blocker' provision limits the investor's ability to increase their stake beyond 4.99% through warrant exercise, which could cap potential upside from these specific warrants.

Risks

• The 'Blocker' provision restricts the reporting persons from exercising warrants if it would lead to beneficial ownership exceeding 4.99% of the outstanding Ordinary Shares, limiting their potential for increased ownership via these instruments.

Future Outlook

NA

Management Comments

• To the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11.

Industry Context

NA

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional investor's stake (4.99%) could be viewed positively, signaling investor confidence. However, the 'Blocker' provision limits the investor's ability to increase their stake beyond 4.99% through warrant exercise.

Key Dates

Recommendation

The Schedule 13G filing indicates that Empery Asset Management, LP and Ryan M. Lane hold a 4.99% beneficial ownership stake in Jiuzi Holdings, Inc., primarily through warrants. This represents a notable institutional investment, which can be interpreted as a vote of confidence. However, the 'Blocker' provision prevents the reporting persons from exceeding a 4.99% ownership threshold through warrant exercise, limiting immediate further accumulation from these specific instruments. The filing itself is a disclosure of an existing position and does not contain new financial performance data or strategic updates from the company. Therefore, while the institutional interest is positive, there isn't enough new information to warrant a strong buy or sell recommendation based solely on this filing. A 'hold' recommendation is appropriate as it acknowledges the institutional interest without suggesting an immediate change in investment strategy.

Keywords

Jiuzi Holdings, Empery Asset Management, Ryan M. Lane, Schedule 13G, beneficial ownership, ordinary shares, warrants, investment management, SEC filing