Z SQUARED (ZSQR) Closes Paradox Data Deal With Series A Preferred Stock
Z Squared designated 25,000 shares of 8% Series A convertible preferred, convertible at $7.45, to fund its acquisition of Paradox Data under a July 31 purchase agreement.
Z Squared Inc. (ZSQR) filed an 8-K reporting a completed acquisition, entry into a material definitive agreement and an unregistered sale of equity securities, tied to the closing of its purchase of Paradox Data, LLC. The consideration includes a newly created series of convertible preferred stock, whose terms were set out in a Certificate of Designation filed as Exhibit 3.1.
