secwatch.observer — SEC 8-K summary
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Issuer:     Z Squared Inc. (ZSQR)
CIK:        0001759186
Form:       8-K
Filed at:   2026-06-25T22:57:08+00:00
Accession:  0001185185-26-002659
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1759186/000118518526002659/0001185185-26-002659-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1759186/000118518526002659/zsquared8k062526.htm
  HTML page:      https://secwatch.observer/filing/0001185185-26-002659

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