AcquisitionsJun 26, 2026, 06:07 AM
Z Squared to Acquire Paradox Data for $5M in Preferred Stock
AI Summary
Z Squared Inc. has entered into a binding Letter of Intent to acquire a 51% majority membership interest in Paradox Data LLC, a digital infrastructure company specializing in high-density, immersion-cooled compute. The acquisition, valued at $5 million in Series D Convertible Preferred Stock, aims to significantly expand Z Squared's AI infrastructure capabilities. Paradox Data's key asset is the Union County Campus, a next-generation data center site targeting up to 150 MW of firm power, with 8 MW already operational.
Key Highlights
- Z Squared Inc. signed a binding Letter of Intent to acquire a 51% majority interest in Paradox Data LLC.
- The transaction is valued at $5,000,000, paid entirely in newly designated Series D Convertible Preferred Stock.
- Paradox Data's Union County Campus is a data center development targeting up to 150 MW of firm power.
- Initial assets include 8 MW of fully operational, energized power capacity.
- Z Squared intends to pursue an interconnection request for up to 50 MW of utility power post-closing.
- The transaction is subject to definitive documentation, due diligence, and customary closing conditions.
- The drop-dead date for the transaction is July 31, 2026.