---
schema_version: "secwatch.filing_event.v1"
accession: "0001062993-25-017540"
form_type: "8-K"
ticker: "ZSTK"
cik: "0001790169"
company_name: "ZeroStack Corp."
filed_at: "2025-12-31T23:59:59+00:00"
generated_at: "2026-05-16T11:55:12.329335+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- accession: 0001062993-25-017540
- form_type: 8-K
- ticker: ZSTK
- cik: 0001790169
- company_name: ZeroStack Corp.
- filed_at: 2025-12-31T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 1.02, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1790169/000106299325017540/0001062993-25-017540-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1790169/000106299325017540/form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001062993-25-017540
- JSON: https://secwatch.observer/filing/0001062993-25-017540.json
- Plain text: https://secwatch.observer/filing/0001062993-25-017540.txt

## Key facts
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1790169/000106299325017540/0001062993-25-017540-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.