Shares of ZeroStack Corp (NASDAQ:ZSTK) are surging Wednesday afternoon after the company announced a definitive agreement for a $1 billion strategic contribution of Memecore tokens.
Here’s what investors need to know.
ZeroStack stock is among today’s top performers. Why are ZSTK shares rallying?
$1 Billion Token Deal at Premium
Under the agreement, Purple AI Inc and Blockcat Pte. Ltd. will contribute 925,925,926 Memecore tokens, valued at their market price of $1.08 per token, in exchange for 3.5 million common shares and pre-funded warrants for up to 36,198,293 additional shares.
