ZeroStack Secures $1 Billion in MemeCore Tokens
ZeroStack Corp (NASDAQ: ZSTK) has entered into a deal with Puple AI Inc. and Blockcat Pte. Ltd., receiving nearly 926 million MemeCore tokens valued at approximately $1 billion. In exchange, the companies will receive equity in ZeroStack through common shares and pre-funded warrants. The transaction aims to expand ZeroStack's exposure to decentralized artificial intelligence by integrating with MemeCore’s Layer 1 blockchain ecosystem. The agreement includes a significant premium for the issued stock compared to its recent trading price, raising questions about shareholder value implications. CEO Daniel Reis-Faria described it as a milestone in positioning ZeroStack as a gateway to next-generation digital infrastructure assets. The deal also brings MemeCore’s principal Rudy Rong into ZeroStack as president. The transaction requires shareholder approval and includes long-term lock-up provisions for the issued shares, which could impact market liquidity.
Topics: blockchain decentralized AI meme tokens token investment