Z Squared Inc (NASDAQ:ZSQR) shares rose in after-hours trading on Tuesday after the company announced a new at-the-market equity offering that could allow it to sell up to $300 million of its common stock.
Z Squared closed Tuesday’s regular session at $8.49, down 22.75%. Shares rebounded in after-hours trading, rising 3.89% to $8.82.
Z Squared is a digital infrastructure company focused on cryptocurrency mining and expanding into artificial intelligence infrastructure and data centers.
Z Squared Launches $300M ATM Offering
According to an 8-K filing, Z Squared entered into a sales agreement with Roth Capital Partners, LLC that allows the company to offer and sell up to $300 million of its common stock from time to time through an at-the-market, or ATM, offering.
