M&A
confidence high
sentiment positive
materiality 0.75
Z Squared signs binding LOI to acquire majority interest in Paradox Data for $5M in Series D Preferred
Z Squared Inc.
- Acquisition targets Paradox Data, operator of Union County Campus in El Dorado, AR, with up to 150 MW firm power.
- Consideration entirely in Series D Convertible Preferred Stock with $5M aggregate liquidation preference; no cash or debt.
- Paradox's assets include ~8 MW energized power, 10-acre land parcel, and immersion-cooling technology.
- Post-closing milestone: pursue interconnection request for up to 50 MW of utility power.
- Closing expected by July 31, 2026, subject to due diligence, consents, and potential Nasdaq stockholder approval.