secwatch.observer — SEC 8-K summary
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Issuer:     ZeroStack Corp. (ZSTK)
CIK:        0001790169
Form:       8-K
Filed at:   2026-08-19T13:26:47+00:00
Accession:  0001062993-26-004501
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 1.01, 2.01, 5.02, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ZeroStack acquires $1B in MemeCore tokens; issues shares/warrants at $25.19, 12x premium
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- Issued 3.5M shares and pre-funded warrants for 36.2M shares at $25.19/share to Puple AI and Blockcat for 925.9M MemeCore tokens valued at $1.08 each (~$1B).
- Share price represents >12x premium to recent market price; warrants subject to 10-year lock-up and shareholder approval for shares beyond 19.99% cap.
- Rudy Rong appointed President; employment agreement includes $500k base salary, 125k restricted stock grant (subject to shareholder approval), and 24-month severance (30 months on change in control).
- Digital assets held in multi-sig wallet; accounted as long-term digital assets; transaction closed Aug 19, 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1790169/000106299326004501/0001062993-26-004501-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1790169/000106299326004501/form8k.htm
  HTML page:      https://secwatch.observer/filing/0001062993-26-004501

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