Z Squared agrees to buy Paradox Data, expands deal to 100% acquisition
Reuters2026/08/03 11:02- Z Squared agreed to acquire 100% of Paradox Data, expanding a previously outlined majority-stake deal into a full buyout.
- Consideration totals up to $25 million, paid entirely in newly designated Series A Convertible Preferred Stock, with no cash at closing.
- $5 million of preferred stock will be issued at closing, convertible at a fixed $7.45 per share.
- Up to $20 million more is tied to development milestones at the Union County Campus, targeting up to 150 MW of AI-ready capacity.
- Closing is targeted within 30 days, with an outside date of Sept. 30, 2026, extendable to Dec. 31, 2026.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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