ZeroStack acquired 925.9 million MemeCore tokens in a deal valued at approximately $1 billion, paid in shares and warrants. The 36.2 million warrant shares represent a 167.4% dilution relative to the 21.6 million shares outstanding as of August 19. Issuance of these shares requires shareholder approval due to Nasdaq’s 19.99% cap rule. A resale filing covering 54.6 million shares was made on behalf of seven holder groups, but registration does not mean those holders have sold their shares.
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