Jiuzi Holdings Inc (NASDAQ:JZXN) experienced a sharp uptick in premarket trading, with the stock rising 22.4% after the company announced it is discussing an expansion of a recent private placement to potentially raise up to $100 million.
The contemplated enlargement follows the completion of a $60 million initial strategic financing round on February 13, 2026. Management said any expanded offering would be priced at no less than $2 per share. The company identified the primary use of the additional proceeds as accelerating implementation of its Digital Asset Treasury (DAT) strategy.
According to the company's communication, several institutional investors who took part in the initial round have signaled interest in increasing their subscriptions. New investors have also initiated due diligence. The parties are negotiating specific aspects of the transaction, including the ultimate scale of the offering, lock-up periods and methods for delivering assets.
Jiuzi detailed the intended effects of the expanded financing: increasing digital asset reserves, optimizing the structure of asset allocation, accelerating deployment of on-chain applications and improving the company's treasury governance framework. The company also stated that funds committed under the expansion would be injected as equivalent crypto assets.
Management characterized the initiative as an indication of professional institutional investor recognition for the company's strategic direction and execution capabilities. At the same time, the company cautioned that talks remain in progress. It emphasized that the final offering scale, price and other terms are uncertain and subject to change, and that definitive information will be provided in subsequent filings with the Securities and Exchange Commission.
No additional specifics on participating institutions, timing for a closing, or other transaction mechanics were disclosed. The company limited its comments to the ongoing negotiation process and the strategic goals of the expanded financing.
Context and next steps
Investors should expect formal disclosures in upcoming SEC filings if and when the company finalizes terms. Until then, the expansion remains a proposal under negotiation.