Keyarch Acquisition Corporation Ordinary Shares

KYCH

Market cap $24.6M

ZOOZ Power Ltd. Ordinary Shares and Public Warrants to Trade on Nasdaq under the Symbols “ZOOZ” and “ZOOZW,” respectively

NEW YORK, N.Y., March 19, 2024 (GLOBE NEWSWIRE) -- Keyarch Acquisition Corporation (Nasdaq:KYCH) (“Keyarch” or the “Company”), a special purpose acquisition company, and ZOOZ Power Ltd. (“ZOOZ”), a leading provider of flywheel-based power boosting solutions for the EV charging infrastructure market, today jointly announced that the registration statement on Form F-4 filed by ZOOZ relating to their proposed business combination was declared effective by the Securities and Exchange Commission (“SEC”) on March 18, 2024. Keyarch will hold an extraordinary general meeting of its shareholders (the “Meeting”) at 9:00 a.m., Eastern Time, on Wednesday, March 27, 2024, for consideration and voting on the approval of the business combination agreement, dated July 30, 2023, as amended (the “definitive agreement”), and related proposals described in the registration statement's proxy statement/prospectus.