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MemeCore commits $1 billion in tokens to ZeroStack, granting MemeCore-linked investors a large equity stake in the Nasdaq-listed company
ZeroStack Corp. (NASDAQ: ZSTK) has entered a definitive agreement to receive 925,925,926 MemeCore ($M) tokens, valued at $1.08 each, from Puple AI Inc. and Blockcat Pte. Ltd. In exchange, ZeroStack will issue 3.5 million common shares and pre-funded warrants for up to 36,198,293 additional shares to MemeCore-linked investors. The warrants are priced at $25.19 per share, a significant premium over ZeroStack's recent trading price of $2.75. The transaction aims to deepen ZeroStack's exposure to decentralized AI, with MemeCore principal Rudy Rong joining ZeroStack as president.
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