Z Squared closes Paradox Data acquisition for $5M preferred stock; gains 8 MW campus

Z Squared Inc.

Closed Sept 8, 2026; issued 5,000 Series A Preferred shares (stated value $5,000,000) to Paradox Infrastructure LLC.
Up to $20M more in milestone payments in Series A shares; total potential consideration $25M if all milestones met.
Union County Campus (El Dorado, AR) has ~8.0 MW interruptible power via Entergy; 150+ MW AI-ready target.
Related party: CTO Jeffery Harris holds indirect minority stake in seller; Audit Committee approved deal.
No cash at closing, no debt incurred; CEO David Halabu says first of four goals met.

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