ZeroStack completes $1 billion MemeCore token-for-equity transaction

ZeroStack MemeCore token swap decentralized AI equity transaction

ZeroStack Corp. has completed a $1 billion strategic transaction involving the exchange of MemeCore ($M) tokens for equity. The deal, executed by MemeCore principals Puple AI Inc. and Blockcat Pte. Ltd., saw the contribution of 925,925,926 $M tokens, valued at a fair market price of $1.08 per token.

In exchange for the tokens, ZeroStack is issuing 3,500,000 shares of common stock and pre-funded warrants that allow for the purchase of up to 36,198,293 additional shares. The warrants carry a strike price of $25.19 per share, representing a premium of more than 12 times ZeroStack’s recent market trading price.

The issuance of shares via warrants is subject to shareholder approval under Nasdaq Listing Rule 5635 and includes a lock-up period of up to ten years. The transaction aims to expand MemeCore’s exposure to public markets and strengthen ZeroStack’s decentralized artificial intelligence strategy.

Entities

Blockcat Pte. Ltd. · MemeCore · Nasdaq · Puple AI Inc. · ZeroStack Corp.

Claims

What the coverage asserts, and how many sources carry each claim.

[● 2 SOURCES] Warrant exercises are subject to shareholder approval per Nasdaq Listing Rule 5635 and a lock-up period of up to ten years. ohsem.me · www.crypto-reporter.com
[● 3 SOURCES] The transaction involved 925,925,926 $M tokens valued at $1.08 per token. ohsem.me · www.crypto-reporter.com · cryptobriefing.com
[● 3 SOURCES] ZeroStack is issuing 3,500,000 common shares and pre-funded warrants for up to 36,198,293 additional shares. ohsem.me · www.crypto-reporter.com · cryptobriefing.com
[● 3 SOURCES] ZeroStack Corp. completed a transaction involving approximately $1 billion worth of MemeCore ($M) tokens in exchange for equity. ohsem.me · www.crypto-reporter.com · cryptobriefing.com
[● 3 SOURCES] The pre-funded warrants have a strike price of $25.19 per share, which is more than 12 times ZeroStack’s recent market trading price. ohsem.me · www.crypto-reporter.com · cryptobriefing.com
[● 3 SOURCES] The MemeCore ecosystem tokens were contributed by Puple AI Inc. and Blockcat Pte. Ltd. ohsem.me · www.crypto-reporter.com · cryptobriefing.com

Sources

MemeCore Arrives On Nasdaq Through $1 Billion Landmark Treasury Transaction [ohsem.me]

8 days ago

MemeCore Arrives on Nasdaq Through $1 Billion Landmark Treasury Transaction [www.webdisclosure.com]

8 days ago

MemeCore Arrives on Nasdaq Through $1 Billion Landmark Treasury Transaction [chainwire.org]

8 days ago

MemeCore Arrives on Nasdaq Through $1 Billion Landmark Treasury Transaction! [www.crypto-reporter.com]

8 days ago

MemeCore commits $1B in tokens to ZeroStack in equity swap that raises more questions than answers [cryptobriefing.com]

9 days ago

MemeCore Arrives on Nasdaq Through $1 Billion Landmark Treasury Transaction！ [hackernoon.com]

9 days ago