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Z Squared Raises Approximately $15.3 Million in Non-Debt Capital to Advance AI Infrastructure Strategy

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2 months ago

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All-equity financing adds growth capital while the Company maintains virtually no corporate debt

FORT LAUDERDALE, Fla., June 29, 2026 /PRNewswire/ — Z Squared Inc. (NASDAQ: ZSQR), a digital infrastructure company expanding into AI infrastructure, today announced that it has raised approximately $15.3 million in capital through equity sales under its standby equity purchase agreement. The Company incurred no new debt in connection with the financing and continues to maintain virtually no corporate debt.

The Company intends to use the net proceeds to support its acquisition and conversion strategy and for general corporate purposes. The all equity structure preserves the Company’s balance sheet and conserves cash for operational deployment as it executes its previously announced acquisition targets and broader Phase 1 buildout.

The arrangement used for this financing predates the Company’s current strategy. With this financing, the Company has completed its use of the legacy equity financing arrangement, strengthening its balance sheet as it advances its AI infrastructure strategy. The financing is described further in the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission.

Z Squared’s strategy is to acquire sites where power is already flowing and convert them into AI-ready capacity in months rather than years. The Company has signed binding letters of intent to acquire Skycore Digital with approximately 24 MW of energized capacity and a defined path to up to 42 MW and a majority membership interest in Paradox Data LLC, anchored by the Union County Campus in El Dorado, Arkansas. The Company is actively evaluating additional acquisition opportunities, though no guarantees can be made that any will be identified, or if identified, that they are on preferred terms. The Phase 1 objective is 100 MW of AI-ready capacity across multiple U.S. sites.

About Z Squared

Z Squared Inc. is a computing infrastructure company operating advanced computing equipment and expanding into AI infrastructure. The Company’s strategy is built on three principles: lead with power by acquiring operating sites where power is already flowing; build for AI workloads by converting that capacity into AI-ready colocation where customers provide the compute infrastructure and operate workloads according to their requirements; and scale with discipline by deploying conversion capital site by site, against signed contracts and operational readiness. Z Squared listed on the Nasdaq Global Market in April 2026.

For more information, visit www.zsquaredinc.com.

Investor Relations Contact: ZSQR@mzgroup.us

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements are intended to qualify for the protection of the safe harbor provided by the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identified by words such as “anticipates,” “believes,” “could,” “estimates,” “expects,” “intends,” “may,” “plans,” “potential,” “predicts,” “projects,” “should,” “targets,” “will,” “would,” and similar expressions, and the negatives of those terms. Forward-looking statements in this press release include, among others, statements regarding the anticipated use of the net proceeds from the financing described herein; the Company’s acquire-and-convert strategy and its expansion into AI infrastructure; the Company’s ability to acquire sites where power is already flowing and convert them into AI-ready capacity in months rather than years; the Company’s signed binding letters of intent to acquire Skycore Digital and a majority membership interest in Paradox Data LLC, and the energized and potential capacity associated therewith; the Company’s evaluation of additional acquisition opportunities; and the Company’s Phase 1 objective of 100 MW of AI-ready capacity across multiple U.S. sites.

These forward-looking statements are based on the Company’s current expectations and assumptions and are subject to known and unknown risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied by such statements. These risks and uncertainties include, among others, the Company’s history of net losses and accumulated deficit and the substantial doubt about its ability to continue as a going concern; its need for, and ability to obtain, additional capital on acceptable terms or at all; the dilutive effect of sales of common stock under its standby equity purchase agreement and its other equity financing arrangements; the volatility of the market price and trading volume of its common stock; risks relating to its digital asset mining operations, including the price volatility of Dogecoin and Litecoin and the cost and availability of power; the early stage and uncertain economics of its planned expansion into AI infrastructure, data center development, and power generation, none of which currently generates revenue; the risk that the Company may not identify suitable acquisition opportunities, or that the proposed acquisitions of Skycore Digital and Paradox Data LLC may not be consummated on the contemplated terms or at all; risks relating to the integration and conversion of acquired sites and the achievement of targeted capacity; its material weaknesses in internal control over financial reporting; and the other risks and uncertainties described under the heading “Risk Factors” in the Company’s filings with the Securities and Exchange Commission, including its Current Reports on Form 8-K and its most recent Quarterly Report on Form 10-Q. Copies of these filings are available at www.sec.gov.

Any forward-looking statement speaks only as of the date on which it is made, and the Company undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as may be required by applicable law. You should not place undue reliance on these forward-looking statements.

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SOURCE Z Squared Inc.

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CGX Debuts Professional Obstacle Racing Shoes at UIPM 2026 Obstacle World Championships

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37 minutes ago

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September 3, 2026

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R1020 targets the 100m format, while R1010 is built for 400m and 3km racing; both models will be worn by the Chinese Modern Pentathlon Obstacle Race Team in Beijing.

BEIJING, Sept. 2, 2026 /PRNewswire/ — Chinese specialist outdoor footwear brand CGX today unveiled the CGX&OCR R1010 and R1020 professional obstacle racing shoes on the opening day of the UIPM 2026 Obstacle World Championships. The new models will make their international competition debut with the Chinese Modern Pentathlon Obstacle Race Team.

CGX enters the event as a partner of the Chinese Modern Pentathlon Association, a sponsor of the Chinese Modern Pentathlon Obstacle Race Team and a sponsor of the UIPM 2026 Obstacle World Championships.

Held in Beijing from 2-6 September, the second edition of the championships forms part of UIPM’s Race Across China series. Elite and age-group athletes will compete across individual 100m, 400m and 3km formats, as well as relay and team events. Obstacle Racing will also make its Olympic debut as part of the reimagined Modern Pentathlon at the Los Angeles 2028 Olympic Games.

Built Around the Demands of Obstacle Racing

Obstacle racing is not simply running in a straight line. Athletes must accelerate, jump, climb, brake, land and transition rapidly between obstacles and changing surfaces. That combination calls for footwear that balances traction, stability, containment and flexibility rather than optimising only forward running efficiency.

CGX CEO Nan Liu, who has more than 20 years of experience in footwear and apparel, initiated the project after identifying a lack of purpose-built footwear for the sport.

“I wanted to create a shoe that truly understands obstacle racing. Athletes need to run, climb, jump, land and change direction at speed. By combining our footwear expertise with insights from real training and competition, we aim to give Chinese athletes equipment that is better suited to the demands of the course and helps them perform with confidence.”

– Nan Liu, CEO of CGX

The two models were developed with feedback from nearly 20 decorated professional athletes and went through multiple rounds of refinement and more than ten mould concepts. Athlete experience informed each stage of development, keeping design decisions connected to real training and race conditions.

R1020 is designed for the explosive, high-tempo demands of the 100m format, with an emphasis on fast starts, repeated obstacle transitions, grip and control. R1010 is developed for 400m and 3km racing, balancing obstacle performance with the cushioning, support and propulsion needed for sustained running.

Five Integrated Performance Features

The Full-Spectrum Obstacle Traction System adapts the lug layout and load zones of the Vibram rubber outsole for powerful push-offs, braking, climbing and landing, with added emphasis on the forefoot. Vibram Megagrip compound, Traction Lug technology and Litebase construction – used on both R1010 and R1020 – support grip, traction, durability and lower outsole weight.

Above it, the Dual-Zone Stability Midsole combines firmer material for support and shape control with a softer zone for impact absorption. A midsole stabilising plate helps manage unwanted twisting, allowing traction, cushioning and control to work together across obstacles, wet and dry surfaces, and repeated run-jump transitions.

At the rear, the Dual-Structure Heel Stability System uses internal Achilles stabilisers within the twin-peak heel construction to reinforce structure and containment. Both models also feature a U-shaped heel-lock component designed to help secure the rearfoot during starts, landings and climbs. The R1020 adds Lateral Wrap Support on both sides of the upper to help manage side-to-side loading and foot rotation. Completing the package, the Tiangong Performance-Woven Upper is engineered to balance containment, stability and breathability.

From World Championship Debut to China Launch

The Chinese Modern Pentathlon Obstacle Race Team will compete in Beijing wearing the new CGX shoes. CGX will continue to use athlete feedback from training and competition to refine the range, making the world championship debut the starting point for further product development.

The CGX&OCR R1010 and R1020 will launch in China on 7 September 2026 at a suggested introductory price of RMB 1,099 per pair. The models will be available through CGX flagship stores on Tmall, Douyin and Xiaohongshu, as well as selected retail locations including M Gate at West Bund Dream Center, Shanghai; Shanghai Xinjia Center; Hongqiao Qianwan INCITY, Shanghai; and Wushang Dream Plaza, Wuhan.

CGX will continue to position itself around professional footwear for Modern Pentathlon Obstacle Racing, building its product portfolio through elite competition, athlete collaboration, city obstacle events and wider participation in the sport.

About CGX

CGX is an emerging Chinese specialist outdoor footwear brand backed by long-standing manufacturing and product-development expertise. The brand is building a dedicated range for obstacle racing across different race formats, movements and athlete needs. CGX&OCR is its core professional obstacle racing footwear line.

View original content to download multimedia:https://www.prnewswire.com/news-releases/cgx-debuts-professional-obstacle-racing-shoes-at-uipm-2026-obstacle-world-championships-302868415.html

SOURCE CGX

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WACO Corp. Unveils Redesigned ‘ATLAS’ Smart Public Water Refill Station Following Successful Tokyo PoC

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37 minutes ago

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September 3, 2026

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User Evaluation Conducted at Two Supermarkets in Shinjuku Following Design Upgrade

TOKYO, Sept. 3, 2026 /PRNewswire/ — WACO Corp., a specialized manufacturer of water purifiers and water treatment systems, announced the successful completion of a Proof of Concept (PoC) in Tokyo, Japan, for its redesigned smart public water refill station, ATLAS.

The company has completely transformed the exterior of ATLAS, introducing a futuristic design tailored to harmonize with public spaces. The redesigned exterior enhances the product’s visual quality while conveying the reliability and stability expected of equipment installed in public spaces. The redesign shifts ATLAS from a purely functional water dispenser toward a user-centered smart public water solution.

The newly designed ATLAS units were installed at two supermarkets in Shinjuku, Tokyo, in November 2025 for the PoC. Rather than a simple exhibition, the stations were deployed in actual commercial facilities, allowing local consumers to interact with the product directly and provide feedback based on real-world usage.

Through on-site interviews and surveys, ATLAS received exceptional ratings across key metrics, including product design, water taste, temperature, and reliability of purification performance. The high level of consumer trust in its purification capabilities, combined with positive feedback on the actual drinking experience, confirmed the strong market applicability of ATLAS as a public water system.

ATLAS Core Features:

Advanced Purification: Delivers safe drinking water at various temperatures, including ambient and cold, utilizing a multi-stage purification system.Hygiene Management: Equipped with UV LED technology for comprehensive hygiene control, along with dedicated tumbler washing and sterilization functions.Eco-Friendly Refilling: Enables seamless water refilling using personal tumblers and reusable containers.Smart Management: Supports IoT-based product status monitoring, digital signage for information delivery, and smart maintenance features optimized for public facility operators.

Moving beyond the traditional role of a simple water fountain, ATLAS is positioned as a next-generation public water solution that integrates purification, hygiene, eco-friendly refilling, and smart management into a single, cohesive system.

Building on more than 20 years of manufacturing expertise in the water purification industry, WACO exports its internationally certified products to over 70 countries. Building on its robust technological capabilities in residential and commercial water purifiers, the company is actively expanding its business portfolio into public drinking water and smart water infrastructure.

Encouraged by the positive consumer response from the Japanese PoC, WACO plans to accelerate the commercialization of ATLAS in the Japanese market. Building on the results of the Tokyo PoC, WACO plans to accelerate the commercialization of ATLAS in Japan while pursuing broader opportunities for deployment in global markets.

About WACO Corp.
WACO Corp. is a specialized manufacturer of water purifiers and water treatment devices with over 20 years of industry experience. Exporting to more than 70 countries worldwide, the company holds numerous international certifications. WACO is dedicated to advancing water technology, expanding its expertise from residential and commercial purifiers to next-generation public drinking water systems and smart water infrastructure.

Contact
Lucas Han, lucas@waco-corp.com
KJ Shin, kjshin@waco-corp.com

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SOURCE WACO Corp.

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MoxiWorks Expands Global Footprint in India, Appoints Jyotsna Kher to Lead the Operation

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37 minutes ago

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September 3, 2026

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MoxiWorks announces a strategic investment in Pune, India to expand talent and infrastructure.

PUNE, India, Sept. 3, 2026 /PRNewswire/ — MoxiWorks, the AI-powered real estate marketing platform, today announced the opening of its Pune, India office, led by Jyotsna Kher, who joins as Managing Director and VP of India Operations. Kher brings deep experience building and scaling high-performing technical organizations and will lead the office’s next phase of growth.

The strategic investment in MoxiWorks’ India operations reinforces the company’s mission to deliver best-in-class native AI software and exceptional customer experiences. The Pune office expands MoxiWorks’ capacity to execute on that mission while providing access to the technical talent and infrastructure needed to keep pace with the rapidly evolving real estate technology landscape.

“Our new Pune office is about building the capacity to better serve the markets where we operate,” said Eric Elfman, CEO of MoxiWorks. “This investment brings together the market expertise of our North American and Australian teams with a true technical powerhouse in India, strengthening our ability to deliver more to the real estate professionals who rely on us.”

Prior to MoxiWorks, Kher served as Vice President of Human Resources at Onit India, helping scale its India operations.

“I’ve chosen to join MoxiWorks because of their forward-thinking investment in a Global Capability Center in India,” Kher said. “Pune has an extraordinary pool of talent, and I’m excited to bring the right people together to help power products like RISE and support the real estate companies and affiliated agents who use MoxiWorks every day.”

The Pune office is fully owned and operated by MoxiWorks, with its own leadership team, and is not an outsourcing arrangement. MoxiWorks remains headquartered in North America. Pune expands the company’s existing technical capacity, adding talent and expertise to support continued innovation across its AI platform, including its flagship product RISE.

About MoxiWorks 

MoxiWorks is the leading real estate AI marketing platform, with offices across North America, Canada, Australia, The United Kingdom, and India. The platform integrates presentations, email, CRM, advertising, and marketing into one connected system powered by native AI. Trusted by more than 3,000 brokerages and 400,000 agents, MoxiWorks helps real estate professionals find, win, and close more deals. Learn more at moxiworks.com.

Media Contact:
Kelly Mendonca
Marketing Communications Manager
kelly.mendonca@moxiworks.com

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