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ZeroStack secures $1 billion in MemeCore tokens from Puple AI and Blockcat. This innovative stock-based transaction enhances its capital structure significantly.
ZeroStack agreed to receive $1 billion in MemeCore tokens from Puple AI and Blockcat in a stock-based transaction. In exchange, the company will issue 3.5 million common shares and pre-funded warrants covering an additional 36.2 million shares. The securities are valued at $25.19 per share, which is significantly higher than ZeroStack's recent trading price. This move is part of a series of funding activities in the crypto sector.
Company Information
Company
ZeroStack
About
ZeroStack is a Nasdaq-listed company that focuses on blockchain technology, particularly in leveraging digital assets through innovative financing structures. The company recently secured a significant token contribution instead of cash to expand its operations. It is dedicated to enhancing its digital asset treasury strategy while seeking shareholder approval for future stock issuances.
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