Z Squared wraps up its standby equity purchase agreement, raising approximately $15.3 million in all-equity capital. The financing arrangement predates the company's current AI infrastructure strategy, and its completion clears a legacy capital tool from the balance sheet. Z Squared now shifts focus to executing its acquire-and-convert approach, which targets operating data center sites with existing power. The company has signed binding letters of intent to acquire Skycore Digital and a majority stake in Paradox Data, anchoring its goal of 100 MW of AI-ready capacity across multiple states.
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