---
schema_version: "secwatch.filing_event.v1"
accession: "0001185185-26-002659"
form_type: "8-K"
ticker: "ZSQR"
cik: "0001759186"
company_name: "Z Squared Inc."
filed_at: "2026-06-25T22:57:08+00:00"
generated_at: "2026-06-26T10:05:38.658510+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Z Squared signs binding LOI to acquire majority interest in Paradox Data for $5M in Series D Preferred

## Summary
- 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.

## SEC filing metadata
- accession: 0001185185-26-002659
- form_type: 8-K
- ticker: ZSQR
- cik: 0001759186
- company_name: Z Squared Inc.
- filed_at: 2026-06-25T22:57:08+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1759186/000118518526002659/0001185185-26-002659-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1759186/000118518526002659/zsquared8k062526.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001185185-26-002659
- JSON: https://secwatch.observer/filing/0001185185-26-002659.json
- Plain text: https://secwatch.observer/filing/0001185185-26-002659.txt

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