Z Squared secures $50M equity facility with 5% discount, shareholder vote required

Filed June 4, 2026 · Period ending May 29, 2026 · ~1 min read

Key Changes

• high

  Company can sell up to $50M of stock to LucentHash/Data Part Capital at 95% of market price over 18 months, drawing $50K-$5M per tranche with 14-day spacing between draws.

  Item 1.01 verify on EDGAR →
• high

  Nasdaq rules cap issuance at 19.99% of outstanding shares without shareholder approval; company will seek approval at next annual meeting to access full facility.

  Item 1.01 verify on EDGAR →
• high

  $5.00 floor price protects against excessive dilution; if stock closes below floor for all five pricing days, draw cancels. After three canceled draws, purchaser can lower floor to $3.00 or terminate.

  Item 1.01 verify on EDGAR →