ZeroStack Corp. (ZSTK): M&A transaction — Flora Growth acquires TruHC Pharma; TruHC audit shows going concern, minimal cash

ZeroStack Corp.

TruHC Pharma GmbH acquired; first closing completed April 23, 2024.
TruHC had €13.6K cash, €371.8K net loss for FY2023, cumulative deficit €588.7K.
Auditor issued going concern opinion; cash insufficient to meet obligations.
Q1 2024 unaudited statements show continued losses; pro forma combined financials filed.
Acquisition structure may strain Flora's liquidity; consideration not disclosed.

item 2.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

ZeroStack Corp. completed an acquisition involving TruHC Pharma GmbH.

Action: acquisition
Counterparty: TruHC Pharma GmbH

Exact text from the filing

to report the completion of the first closing of the acquisition of TruHC Pharma GmbH ("TruHC")

View on SEC.gov

5 m&a transactions filed in the last 30 days. Browse all m&a transactions →

ZeroStack Corp. filing history →

Source: SEC EDGAR

accession 0001062993-24-011760

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.