Z Squared Inc. (ZSQR) SEC 13F Holdings (Q2 2026): Institutional Buyers & Sellers

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Z Squared Inc. (ZSQR) signed a definitive agreement on July 31 to buy 100% of Paradox Data, a company with a data center site in Arkansas, including immersion-cooling gear and a power contract with Entergy Arkansas for AI-compute capacity. Payment is in a new Series A Convertible Preferred Stock, not cash: $5 million up front (at $1,000 per share stated value) plus up to $20 million in additional preferred stock if certain milestones for up to 150 MW of capacity are hit, for a total possible $25 million. The preferred stock pays 8% annual dividends and converts to common at $7.45 per share, with a mandatory conversion trigger at 250% of the conversion price for 20 straight days. CTO Jeffery Harris has indirect interests in the seller and an affiliate, worth roughly $3.6 million if all milestones are met; the deal was approved as a related-party transaction by the audit committee and board.

On July 17, 2026, Z Squared Inc. (ZSQR) terminated two agreements: an at-the-market offering agreement with Roth Capital Partners and a committed equity forward purchase agreement with Translucent Matter Inc. The terminations take effect on July 21 and August 17, respectively. The company did not sell any shares under either program and is not required to pay any termination fees.

Z Squared Inc. (ZSQR) amended its letter of intent to buy Skycore Digital LLC. The amendment extends the deadline to finalize the deal to January 15, 2027, removes a $500,000 break-up fee, and ends exclusivity. The letter of intent is now non-binding, meaning no party is required to complete the deal.

On July 6, 2026, Z Squared Inc. entered into a sales agreement with Roth Capital Partners to sell up to $300 million of its common stock through at-the-market offerings. The company will pay a 3% commission on shares sold, giving it the ability to raise capital as needed.

Z Squared appointed Jeffery Harris as its new Chief Technology Officer, effective June 24. Harris, founder and CTO of digital infrastructure firm Paradox Data, will receive a $225,000 base salary, an annual RSU bonus valued at three times his salary, and a stock option that vests only if the stock price rises 50% from its value on the appointment date. The company is also pursuing a previously announced acquisition of Paradox Data for $5 million in preferred stock.

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