other material
confidence high
sentiment neutral
materiality 0.70
ZeroStack closes private crypto financing, acquires 142M 0G tokens in exchange for 9.1M shares
ZeroStack Corp.
- 142,232,948 Zero Gravity (0G) tokens contributed to Texas Blocker in exchange for 9,104,614 Blocker Shares, exchanged for common shares.
- Texas Blocker became wholly-owned subsidiary; ZeroStack now holds the 0G tokens.
- Related party: Executive Chairman Michael Heinrich is CEO of Zero Gravity Labs, which held 50.6% of Blocker Shares pre-exchange.
- Transaction previously announced March 31, 2026; closed after shareholder approval at 2026 Annual Meeting.