Jiuziholding will receive a $90 million investment from Morgan International Financial Corporation at $3 per share to advance blockchain and Web3 projects.
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According to CoinWorld, Jiuzi Holdings (NASDAQ: JZXN) has signed a non-binding strategic memorandum of understanding with Morgan International Financial Limited. Under this memorandum, Morgan intends to invest up to $90 million in Jiuzi at a price of $3 per share. This potential investment aims to strengthen Jiuzi's funding for strategic initiatives in blockchain infrastructure, digital asset strategies, and Web3 ecosystem expansion. The final terms, including the investment structure and timeline, are subject to further negotiation and the signing of a definitive agreement.
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