Z Squared Inc. - 8-K Filing
Z Squared Inc. entered a $50 million Committed Equity Forward Purchase Agreement with LucentHash / Data Part Capital, allowing the company to sell up to $5M per draw in tranches of at least $50K each over 18 months (extendable by one year). The purchase price is set as 95% of a five-day volume-weighted average price, subject to a floor of $5.00/share and a maximum issuance cap of 19.99% of pre-agreement shares outstanding without shareholder approval. (Items: 1.01 Entry into a Material Definitive Agreement, 3.02 Unregistered Sales of Equity Securities, 9.01 Financial Statements and Exhibits)
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