secwatch.observer — SEC 8-K summary
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Issuer:     ZeroStack Corp. (ZSTK)
CIK:        0001790169
Form:       8-K
Filed at:   2025-09-23T23:59:59+00:00
Accession:  0001062993-25-015748
Event type: other_material
Sentiment:  neutral
Materiality: 0.95
Item codes: 1.01, 2.01, 9.01, 2.03, 3.02, 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Flora Growth raises ~$402M in placements, exits cannabis, pivots to digital asset treasury
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- CEO Clifford Starke and Executive Chairman Sammy Dorf resigned; replaced by Daniel Reis-Faria (CEO) and Michael Heinrich (Executive Chairman).
- Raised ~$13.66M cash, ~$215.3M in tokens, ~$22.88M Solana note, and ~$150M Zero Gravity convertible note.
- Exits hemp/cannabis business by transferring subsidiaries to settle $2.22M promissory notes.
- Proceeds to fund digital asset treasury strategy linked to $0G token on 0G Chain decentralized AI blockchain.
- New CEO receives options for 3% of pro-forma shares, vesting at VWAP targets from $40.80 to $95.20.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1790169/000106299325015748/0001062993-25-015748-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1790169/000106299325015748/form8k.htm
  HTML page:      https://secwatch.observer/filing/0001062993-25-015748

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer