---
schema_version: "secwatch.filing_event.v1"
accession: "0001062993-26-005837"
form_type: "8-K"
ticker: "ZSTK"
cik: "0001790169"
company_name: "ZeroStack Corp."
filed_at: "2026-11-09T21:11:03+00:00"
generated_at: "2026-11-09T21:12:18.423754+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# ZeroStack to sell Phatebo GmbH to New Horizon Pharma for €2.15M; closing needs German FDI clearance

## Summary
- ZeroStack Corp. (formerly Flora Growth Corp.) agreed to sell 100% of German pharma wholesaler Phatebo GmbH to New Horizon Pharma B.V. for €2,150,000 in a locked-box deal struck at Dec 31, 2025.
- Of the price, €152,709.44 repays a Phatebo loan; the seller-account balance converts to $2,240,161.09 at the ECB's Nov 2, 2026 rate of 1.1216 USD/EUR.
- Phatebo holds a §52a AMG wholesale license, supplies comparators and ancillary drugs for clinical trials, and lists Thermo Fisher Scientific among its key customer contracts.
- Closing requires German foreign-investment (AWV/BMWE) clearance; long-stop date is June 30, 2027, extendable to Dec 31, 2027 if BMWE opens a review proceeding.
- HRV Global Life Sciences Private Limited, indirect sole shareholder of buyer New Horizon Pharma, issued a non-binding term sheet on Sept 24, 2026.

## SEC filing metadata
- accession: 0001062993-26-005837
- form_type: 8-K
- ticker: ZSTK
- cik: 0001790169
- company_name: ZeroStack Corp.
- filed_at: 2026-11-09T21:11:03+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1790169/000106299326005837/0001062993-26-005837-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1790169/000106299326005837/form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001062993-26-005837
- JSON: https://secwatch.observer/filing/0001062993-26-005837.json
- Plain text: https://secwatch.observer/filing/0001062993-26-005837.txt

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