Flora Growth settles convertible note with DeFi Development for $1.75M cash, 96k Solana, and 111k shares

ZeroStack Corp.

Settlement requires Jan 6, 2026 payment of 96,162 Solana, $1.75M cash, 111,550 shares at $6.90/share.
Upon full payment, the Note is fully satisfied and all parties release all claims related to the Note and SPA.
Company to file resale registration statement for Settlement Shares within 30 days, use best efforts to make effective.
Settlement Shares issued as unregistered securities relying on Section 4(a)(2) and Rule 506(b).

item 1.01 item 1.02 item 3.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

ZeroStack Corp. entered into Note Settlement Agreement with DeFi Development Corp. (effective 2025-12-29).

Action: entry
Agreement: settlement
Counterparty: DeFi Development Corp.
Effective: 2025-12-29

Exact text from the filing

On December 29, 2025, Flora Growth Corp. (the "Company") entered into a note settlement agreement (the "Note Settlement Agreement") with DeFi Development Corp. (the "Holder") pursuant to which the Solana-denominated convertible note issued to the Holder pursuant to the September 19, 2025 securities purchase agreement between the Company and the Holder (the "Note") was settled.

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ZeroStack Corp. filing history →

Source: SEC EDGAR

accession 0001062993-25-017540

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