ZSQR News & Events

Z Squared announced the company has entered into a $50M committed equity forward purchase agreement with LucentHash / Data Part Capital, a trading name of Translucent Matter, a British Virgin Islands company. The Agreement gives the company the ability to fund acquisitions as they close and to stage conversion capital site by site as operational milestones are met, advancing the company toward its Phase 1 destination of 100 megawatts of AI-ready capacity across multiple U.S. sites. Each draw under the agreement is a separate, independent forward purchase, initiated by the company on its own timing and priced at 95% of the volume-weighted average price over a five-day pricing window unique to that draw and subject to a 9-month lock-up by the purchaser. The company retains full control over whether, when, and how much to draw. Capital is accessed in step with execution, not ahead of it. The agreement is structured to align the parties' long-term goals and to protect existing shareholders of the company. Accordingly, shares issued under the Agreement are subject to a 9-month lock-up period, and LucentHash / Data Part Capital is contractually prohibited from short-selling or otherwise hedging ZSQR common stock.

Z Squared announced the Phase 1 destination of its strategy which includes a goal of reaching 100 MW of AI-ready capacity available for customer contracts, across multiple U.S. sites over the next 18 months. The 100 MW objective will be pursued through Z Squared's acquire-and-convert engine and converting those sites to AI-ready capacity on a truncated timeline relative to current market standard of, three-to-five-years for a greenfield development. As a first step in achieving its goal of 100 MW in this phase, the company signed a binding letter of intent to acquire Skycore Digital, comprising of three active North Carolina sites powered by Duke Energy. Skycore operates approximately 24 MW of energized capacity currently connected to the grid, plus an additional 18 MW available through existing Duke Energy Letters of Authorization. The company is evaluating a pipeline of additional acquisition targets consistent with its acquire-and-convert strategy. The intended customers for Z Squared's AI-ready capacity are NeoCloud operators and the next wave of AI infrastructure operators deploying production AI compute at scale, specialized cloud operators built for AI workloads.