SCHEDULE 13G/A: Y.D. More Investments Group Reduces Stake in ZOOZ Power to 6%

A group of Israeli investment entities and individuals, led by Y.D. More Investments Ltd., has reported a significant reduction in their beneficial ownership of ZOOZ Power Ltd. ordinary shares, now holding 6% of the company.

Summary

• Y.D. More Investments Ltd. and its affiliated entities and individuals (the "Reporting Persons") have filed an Amendment No. 1 to their Schedule 13G regarding ZOOZ Power Ltd.
• The filing indicates a decrease of more than 5% in the Reporting Persons' beneficial ownership of ZOOZ Power Ltd. ordinary shares.
• As of March 21, 2025, the Reporting Persons collectively beneficially own 721,999 ordinary shares of ZOOZ Power Ltd.
• This ownership represents 6% of ZOOZ Power Ltd.'s outstanding ordinary shares.
• The decrease in ownership is attributed to the sale of ordinary shares by More Provident Funds & Pension Ltd. and the expiration of warrants to purchase ordinary shares held by More Provident and other affiliates.
• The percentage is calculated based on 12,105,496 ordinary shares outstanding as of February 20, 2025, as reported in ZOOZ Power Ltd.'s Annual Report on Form 20-F for the year ended December 31, 2024.

Sentiment

Score: 4

Explanation: The sentiment is slightly negative due to a significant reduction in beneficial ownership by a major investor group, which could imply a lack of continued conviction or a strategic reallocation away from the company.

Negatives

• A significant group of investors, Y.D. More Investments and its affiliates, has reduced their beneficial ownership in ZOOZ Power Ltd. by more than 5%, indicating a decreased stake in the company.
• The reduction in ownership was due to both share sales and the expiration of warrants, suggesting a decision not to exercise certain options for increased ownership.

Risks

• The reduction in beneficial ownership by a significant institutional investor group could be perceived negatively by the market, potentially impacting investor confidence.
• A decrease in institutional holdings might lead to increased share price volatility or reduced liquidity.

Future Outlook

This document does not contain any forward-looking statements or guidance regarding ZOOZ Power Ltd.'s future outlook.

Industry Context

This filing is a routine disclosure of a change in beneficial ownership by a significant investor group and does not provide specific insights into broader industry trends or competitive landscape for ZOOZ Power Ltd.

Related Party Transactions

• The filing details the relationships among the Reporting Persons, noting that Y.D. More Investments Ltd. is controlled through a voting agreement among Yosef Meirov (directly and through B.Y.M.), Benjamin Meirov, Yosef Levy, and Eli Levy (through Elldot Ltd.).
• More Provident Funds & Pension Ltd. is a majority-owned subsidiary of Y.D. More Investments Ltd., owning 66.36% thereof, and directly holds the reported ordinary shares.

Stakeholder Impact

• Shareholders: The reduction in a significant institutional stake might lead to concerns about investor confidence and potentially impact share price.
• Management: May need to address investor sentiment if the reduction in ownership is perceived negatively by the market.

Key Dates

Keywords

ZOOZ Power Ltd., Y.D. More Investments, More Provident Funds & Pension, Schedule 13G, Beneficial Ownership, Shareholding, Institutional Investor, SEC Filing, Ordinary Shares, Warrants