secwatch.observer — SEC 8-K summary
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Issuer:     Z Squared Inc. (ZSQR)
CIK:        0001759186
Form:       8-K
Filed at:   2026-06-04T20:02:30+00:00
Accession:  0001683168-26-004560
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Z Squared Enters $50M Equity Forward Agreement with LucentHash; LOI to Acquire Skycore Digital (42 MW)
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- Entered $50M committed equity forward purchase agreement with LucentHash / Data Part Capital; shares issued at 95% of 5-day VWAP.
- Each draw between $50K and $5M; 14-day minimum between draws; 9-month lock-up; floor price $5 (reset to $3 after three floor cancellations).
- Commitment fee of $500K (1%) paid in shares over first five draws; capped at 19.99% of outstanding unless shareholder approval obtained.
- Signed binding LOI to acquire Skycore Digital: three NC sites powered by Duke Energy with 42 MW total capacity (18 MW available now).
- Company controls draw timing; purchaser prohibited from short-selling or hedging ZSQR common stock during commitment period.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1759186/000168316826004560/0001683168-26-004560-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1759186/000168316826004560/zsquared_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-26-004560

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