Z Squared Inc.

Z Squared has signed a definitive agreement to acquire 100% of the membership interests of Paradox Data from Paradox Infrastructure, expanding from an earlier plan for a majority stake. The deal is expected to close within 30 days, with an outside date of September 30, 2026, extendable to December 31, 2026 under certain conditions. Aggregate consideration consists entirely of newly designated Series A Convertible Preferred Stock of Z Squared, with no cash payable at closing and no debt financing. Paradox Data's flagship asset is the Union County Campus in El Dorado, Arkansas, which has an existing agreement with Entergy Arkansas for up to 8.0 MW of power and a development plan targeting up to 150 MW of AI-ready capacity over time. The all-preferred-stock structure links up to $25 million in total consideration to execution at the Union County Campus, with $20 million earned only as the site achieves defined development milestones on the path to 150 MW of AI-ready capacity.