Zedge names Morris Berger CEO, raises $7.5M from insiders for DataSeeds.AI

Zedge, Inc.

Morris Berger (ex-CEO of Zeno Media, IDT Entertainment) becomes Zedge CEO Oct 1, 2026; Jonathan Reich moves to President/COO.
Insider investment of ~$7.5M led by Vice Chairman Howard Jonas; 90% warrant coverage, 5-yr term, exercise price 110% of purchase price.
DataSeeds.AI expands: first six-figure order fulfilled in FY2026, first model-evaluation deal signed; targeting AI data market growing to $16.3B by 2033.
Q3 FY2026 free cash flow $1.2M (+55% YoY), cash $19.7M, no debt; dividend continues, share repurchase suspended.

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