Foresight News
Foresight News|Aug 19, 2026 13:36
[ZeroStack and Memecore Reach $1 Billion Strategic Deal] Foresight News reports that 0G treasury company ZeroStack Corp. (NASDAQ: ZSTK) has announced that Puple AI Inc. and Blockcat Pte. Ltd. have reached an agreement to inject Memecore tokens (M) worth a total of $1 billion into the company. In exchange, they will receive 3,500,000 shares of ZeroStack common stock, as well as pre-financing warrants to subscribe for up to an additional 36,198,293 shares of common stock at an exercise price of $25.19 per share, representing a premium of over 12 times ZeroStack's recent market trading price. The 925,925,926 M tokens being injected are valued at the then-market price of $1.08 per token. The shares corresponding to the warrants can only be issued upon shareholder approval in accordance with Nasdaq Listing Rule 5635, and the post-closing lock-up period will last for ten years. Memecore's key member Rudy Rong will assume the role of President of ZeroStack. This transaction will also expand ZeroStack's existing 0G holdings and strengthen the collaborative relationship with the Memecore ecosystem. Foresight News previously reported that the MemeCore cross-chain bridge minted approximately 1 billion M tokens to a new wallet without collateral locking/burning on the original chain.
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