AcquisitionsJul 23, 2026, 04:22 PM
ZeroStack Completes Private Crypto Financing, Acquires 142.2M 0G Tokens
AI Summary
ZeroStack Corp. announced the closing of its private cryptocurrency financing transaction on July 20, 2026, following shareholder approval. As part of the transaction, ZeroStack acquired 142,232,948 native tokens of the Zero Gravity (0G) blockchain, and Texas Blocker Corp., a company formed to facilitate the financing, became a wholly-owned subsidiary. Investors contributed 0G Tokens to Texas Blocker in exchange for Texas Blocker shares, which were then exchanged for ZeroStack common shares. Zero Gravity Labs Inc., led by ZeroStack's Executive Chairman, was a significant investor, receiving 4,608,864 ZeroStack Common Shares.
Key Highlights
- ZeroStack completed private cryptocurrency financing transaction on July 20, 2026.
- Acquired 142,232,948 native tokens of the Zero Gravity (0G) blockchain.
- Texas Blocker Corp. became a wholly-owned subsidiary of ZeroStack.
- Investors contributed 142,232,948 0G Tokens to Texas Blocker.
- Investors received 9,104,614 shares of Texas Blocker common stock.
- Texas Blocker shares were exchanged one-for-one for ZeroStack common shares.
- Zero Gravity Labs Inc. received 4,608,864 ZeroStack Common Shares.
- Zero Gravity Labs Inc. held 50.6% of Blocker Shares prior to the exchange.
Price Impact
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