Z Squared to Acquire Skycore Digital LLC to Expand Energized AI Infrastructure (Up to 42 MW)

Z Squared, Inc. entered into a binding letter of intent to acquire 100% of Skycore Digital LLC, which operates three energized digital infrastructure sites in North Carolina powered by Duke Energy. The acquisition would be paid entirely in Series B convertible preferred stock (no cash and no debt financing), with $18 million base liquidation preference at closing and up to $22 million total consideration as additional megawatts are secured before closing.