secwatch.observer — SEC 8-K summary
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Issuer:     Z Squared Inc. (ZSQR)
CIK:        0001759186
Form:       8-K
Filed at:   2026-05-01T23:59:59+00:00
Accession:  0001683168-26-003426
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 3.02, 5.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Z Squared to acquire Skycore Digital for up to $22M in Series B Preferred; new CEO and board installed
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- Binding LOI to acquire 100% of Skycore Digital; consideration up to $22M in Series B Preferred with 8% dividend.
- All prior directors and officers resigned; David Halabu and Michelle Burke appointed Co-CEOs, Brian Cogley CFO, Ryan Schadel CMO.
- New board includes Adam Sohn, Bryan Fuerst, Kenneth Cooper; Audit, Compensation, and Nominating committees formed.
- Issued 200K shares to Wasserman, up to 566K to MAP, $100K value to MZHCI, $75K to Retail Sparks in unregistered sales.
- Halabu granted options for 500K shares, Cogley and Schadel each 100K; Cogley $250K RSU bonus, Schadel $150K RSU bonus.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1759186/000168316826003426/0001683168-26-003426-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1759186/000168316826003426/zsquared_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-26-003426

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