Mergers & Acquisitions ·
Z Squared Inc. entered into a definitive Membership Interest Purchase Agreement to acquire 100% of Paradox Data LLC…
COEPWZ Squared Inc.
Z Squared Inc. entered into a definitive Membership Interest Purchase Agreement to acquire 100% of Paradox Data LLC and its Union County Campus in Arkansas for up to $25 million in newly designated Series A Convertible Preferred Stock. The transaction includes an initial issuance of $5 million in preferred stock at closing, with milestone payments of up to $20 million tied to achieving AI compute capacity targets of 150 MW. The preferred stock accrues dividends at 8% per annum and converts into common stock at a price of $7.45 per share, subject to caps and mandatory conversion provisions. Concurrently, the company terminated its Corporate Services Agreement with Moneta Advisory Partners without penalty. Z Squared Inc. is a computing infrastructure company operating advanced computing equipment and expanding into AI infrastructure.