JZXN (NASDAQ: JZXN) in talks to acquire $1 billion in tokens through stock placement

Jiuzi Holdings, Inc. (NASDAQ: JZXN) announced it is in strategic cooperation discussions with a Web3 technology company that develops an artificial intelligence cryptocurrency trading platform. The companies plan to jointly develop and promote an AI-powered cryptocurrency diagnostics and trading platform.

Under the preliminary agreement, JZXN intends to acquire tokens issued by the counterparty at a discount through a private placement of its common stock, representing a total value of approximately $1 billion. The company stated it expects to generate unrealized gains upon completion of the transaction based on current market valuations.

The counterparty’s tokens are expected to apply for listing and trading on Binance, a global cryptocurrency exchange. JZXN noted there is no assurance regarding the success, timing, or post-listing performance of such potential listing and made no commitments concerning future token prices or returns.

The partnership aims to integrate both parties’ resources and expertise in AI technology, cryptocurrency trading, and the Web3 sector. The collaboration would focus on advancing AI-driven market trend analysis, risk identification, and intelligent trading engines.

JZXN emphasized that the matter remains subject to ongoing negotiations with material uncertainties regarding whether a definitive agreement will be signed and whether the proposed private placement and token acquisition will proceed as planned. The company stated it will comply with applicable laws and regulations while advancing these matters under principles of prudence, compliance, and manageable risk.