SCHEDULE 13G/A: ZOOZ Power: More Investments Group Ownership Drops Below 5%
Beneficial Ownership Update
More Investments Group's beneficial ownership in ZOOZ Power Ltd. has decreased to 0.45% due to an increase in the issuer's outstanding shares, not through a sale.
Summary
- Reporting Persons, including Y.D. More Investments Ltd., More Provident Funds & Pension Ltd., B.Y.M. More Investments Ltd., and several individuals (Eli Levy, Yosef Levy, Benjamin Meirov, Yosef Meirov, Michael Meirov, Dotan Meirov), collectively beneficially own 721,999 Ordinary Shares of ZOOZ Power Ltd.
- This aggregate amount represents 0.45% of ZOOZ Power Ltd.'s total outstanding Ordinary Shares.
- The beneficial ownership percentage decreased from approximately 6% to below 5% as of December 31, 2025.
- The decrease in percentage ownership is solely attributed to an increase in the number of ZOOZ Power Ltd.'s issued and outstanding Ordinary Shares, and not due to any sale, disposition, or other transaction by the Reporting Persons or their affiliates.
- The shares are held by More Provident Funds & Pension Ltd. for the benefit of beneficiaries of various provident and pension funds.
- The Reporting Persons certify that the securities were not acquired and are not held for the purpose of changing or influencing the control of the issuer.
Sentiment
Score: 5
Explanation: Neutral. The filing is a factual report of a change in beneficial ownership due to dilution, not a sale. It doesn't inherently convey positive or negative sentiment about the company's performance or prospects from the reporting person's perspective, beyond the passive dilution itself.
Positives
- The decrease in ownership percentage was not due to a sale by the reporting persons, indicating no active divestment of their stake.
Negatives
- The reporting persons' percentage ownership in ZOOZ Power Ltd. has been diluted from approximately 6% to 0.45%.
Risks
- Dilution of existing shareholder stakes due to the issuance of new shares by ZOOZ Power Ltd.
Industry Context
This filing is a routine disclosure of a change in beneficial ownership, reflecting a passive dilution of a significant shareholder's stake. It does not provide insights into ZOOZ Power Ltd.'s operational performance or broader industry trends, but rather details a shift in its shareholder base.
Stakeholder Impact
- Shareholders: Existing shareholders, including the reporting persons, have experienced dilution of their percentage ownership due to the issuance of new shares by ZOOZ Power Ltd.
Key Dates
| Date | Description |
|---|---|
| 2024-04-10 | Original Schedule 13G filed by the Reporting Persons. |
| 2025-12-31 | Date of event requiring filing, when beneficial ownership percentage decreased below 5%. |
| 2026-01-08 | Date of signing for this Amendment No. 2 filing. |
Keywords
ZOOZ Power Ltd., Schedule 13G, Beneficial Ownership, Shareholding, Dilution, More Investments, SEC Filing, Ordinary Shares, Institutional Ownership
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