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MemeCore Commits $1B in Tokens to ZeroStack

MemeCore Commits $1B in Tokens to ZeroStack

ZeroStack Corp. (NASDAQ: ZSTK) has agreed to a $1 billion token investment from MemeCore, a decentralized artificial intelligence blockchain. MemeCore will contribute 926 million $M tokens to ZeroStack's balance sheet, while shareholders will receive 3.5 million ZeroStack common shares and pre-funded warrants for up to 36.2 million additional shares.

Warrants are priced at $25.19 per share, far exceeding ZeroStack's recent market price. The transaction will require shareholder approval and will have a lock-up period of up to 10 years following completion. ZeroStack will expand its exposure to decentralized AI through this partnership, with MemeCore's community potentially serving as a distribution layer for future applications.

The deal is seen as a defining milestone for ZeroStack and aims to establish the company as a gateway to next-generation digital infrastructure assets.

Written by urgent.news from Yahoo Finance's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at finance.yahoo.com →

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