Z Squared terminates $300M ATM and $50M forward purchase agreements; cites ~2 years runway

Z Squared Inc.

Terminated ATM Sales Agreement (up to $300M) with Roth Capital Partners, effective July 21, 2026.
Terminated Committed Equity Forward Purchase Agreement (up to $50M) with Translucent Matter Inc., effective Aug 17, 2026.
No shares were sold or drawn under either program; no termination fees or penalties.
Company estimates ~2 years of operating runway from existing capital; future financing tied to project milestones.
CEO David Halabu states decision removes dilution overhang and signals disciplined capital approach.

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