ZOOZ Power Ltd. Enters Sales Agreement for Ordinary Shares

On July 29, 2025, ZOOZ Power Ltd. entered into a Sales Agreement with Chardan Capital Markets LLC, allowing the company to offer and sell up to $10.95 million of its ordinary shares. The shares will be sold through an 'at the market offering' on The Nasdaq Capital Market or other trading markets. The company is not obligated to sell any shares and can instruct Chardan to halt sales if the price falls below a designated level. Chardan will receive a 3.0% commission on the gross sales price of the shares sold. The Sales Agreement can be terminated by either party as outlined in the agreement. This filing includes the full text of the Sales Agreement and an opinion from Shibolet & Co., the company's Israeli counsel, regarding the legality of the share issuance.