ZeroStack Announces $107 Million Cryptocurrency Financing, Elimination of Convertible Note and Plan to Redomicile to Texas

Core Viewpoint - Zerostack Corp. has announced a $107 million cryptocurrency financing transaction aimed at expanding its digital asset holdings and positioning the company for long-term growth in decentralized AI [1][6]. Financing Details - Investors contributed a total of 142,232,948 native tokens of the Zero Gravity blockchain, valued at $107 million, in exchange for 9,104,614 shares of common stock of Texas Blocker Corp., which will be converted to ZeroStack Shares on a one-for-one basis [2][3]. - The financing was executed at a deemed price of $11.7931 per ZeroStack Share [2]. Strategic Transformation - The financing is expected to significantly strengthen the company's balance sheet and transform it into a leading public vehicle for AI-native exposure, with a strategic ownership stake of approximately 21% in the 0G Token ecosystem [4][6]. - The CEO emphasized that this transaction marks a milestone in the company's evolution, positioning it to operate debt-free and aligning its capital structure with a unified AI-focused vision [7][12]. AI-Focused Asset Management Strategy - The company's strategy involves building a diversified portfolio of AI-enabling digital assets, with the 0G token position serving as a cornerstone for exposure to decentralized computing and AI data infrastructure [8][9]. - Management believes that the convergence of blockchain and AI represents a significant technological transformation, providing public market investors with direct exposure to this growth through a Nasdaq-listed platform [9]. Company Overview - Zerostack Corp. is the first Nasdaq-listed asset management company focused on decentralized AI, also operating a global pharmaceutical distribution business through its subsidiary [10].