secwatch.observer — SEC 8-K summary
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Issuer:     Z Squared Inc. (ZSQR)
CIK:        0001759186
Form:       8-K
Filed at:   2026-08-04T21:29:59+00:00
Accession:  0001185185-26-003263
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 1.02, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Z Squared signs definitive agreement to acquire 100% of Paradox Data for up to $25M in preferred stock
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1759186/000118518526003263/0001185185-26-003263-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1759186/000118518526003263/zsqr8k080426.htm
  HTML page:      https://secwatch.observer/filing/0001185185-26-003263

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