secwatch.observer — SEC 8-K summary
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Issuer:     Z Squared Inc. (ZSQR)
CIK:        0001759186
Form:       8-K
Filed at:   2026-09-14T21:01:23+00:00
Accession:  0001185185-26-003984
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 2.01, 3.02, 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1759186/000118518526003984/0001185185-26-003984-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1759186/000118518526003984/zsqr8k091426.htm
  HTML page:      https://secwatch.observer/filing/0001185185-26-003984

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