M&A
confidence high
sentiment positive
materiality 0.75
Z Squared signs definitive agreement to acquire 100% of Paradox Data for up to $25M in preferred stock
Z Squared Inc.
- Total consideration up to $25M in Series A Convertible Preferred Stock; $5M at closing, $20M milestone-based.
- Milestone payments tied to achieving up to 150 MW AI-ready capacity at Union County Campus in El Dorado, AR.
- CTO Jeffery Harris holds indirect minority interest in seller; transaction approved by Audit Committee as related party.
- Closing expected within 30 days, outside date Sept 30, 2026 (extendable to Dec 31).
- Terminated corporate services agreement with Moneta Advisory Partners, effective July 29, 2026, no penalty.