The NASDAQ listed on the cannabis firm Flora Growth launched a $ 401 million Treasury initiative to back zero gravity (0G), a blockchain project dedicated to the power of AI’s decentralized infrastructure.
The move comes through a private placement deal that combines $ 35 million cash with $ 366 million with in-kind digital assets, especially the denominated in the 0G token. As part of the transaction, Flora will rebrand as Zerostack while maintaining the NASDAQ ticker, FLGC, According to to an announcement on Friday.
Solana (Sol) The Treasury Company Defi Development Corp. (DFDV) is leading the deal, along with Hexstone Capital and Carlsberg SE Asia PTE LTD, with participation from companies including DAO5, abstract ventures and dispersion capital.
“We are pleased to partner with FLGC with this fundraise and look forward to driving a deep collaboration between 0G and Solana,” said DFDV CEO Joseph Onorati. The flora will also hold a portion of its treasury on the Sol tokens.
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Zero gravity trains 107b-parameter ai model
The investment aims to measure the AI infrastructure of 0G, which can now train a 107 billion parameter model using shared clusters, a feat more than previous benchmarks from giant tech such as Google. 0G claims a 357x improvement of efficiency in existing AI frameworks.
Incoming CEO Daniel Reis-Faria described the transfer of Treasury as a way for institution investors to obtain equity-based exposure to a “transparent, proven, and privacy-first AI infrastructure.”
The closure is expected on September 26, waiting for the shareholder’s approvement. Some investors will receive pre-funded warrants tied to the use of 0G token in the offering.
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Standard Chartered by DAT Shakeout as MNAV collapse
Digital Asset Treasury (DAT) companies are Faced with mounted pressure As the market net asset (MNAV) values throughout the sector are strictly denied, the standard chartered Monday said. When strengthened by the success of the Bitcoin accumulation model of the approach, the dat boom is stuck, exposing smaller players to growing risks as their values are sinking.
An MNAV above 1 usually gives companies to issue new shares and expand crypto handling. However, in many DATs now trade below that threshold, access to cheap capital has dried up, which surprises further accumulation and growth.
The bank expects the sector to come together, with bigger, better funded players such as strategy and bitmine emerging as likely winners. The smaller companies that fight the restrained MNAVs can be the targets of acquiring.
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