
星球日报|Sep 20, 2025 02:09
[Flora Growth Raises $401 Million, Launches 0G Treasury Strategy and Renames to ZeroStack]
Odaily Planet Daily News: Nasdaq-listed company Flora Growth Corp. (Ticker: FLGC) announced today the pricing of its private investment in public equity (PIPE) offering within its publicly listed company. The company will implement the 0G Treasury Strategy. Upon completion of the transaction, the company is expected to rename itself to ZeroStack while retaining the stock ticker "FLGC."
The issuance was led by Solana financial strategy-listed company DeFi Dev Corp., with participation from Hexstone Capital, Carlsberg SE Asia PTE Ltd (CSAPL), Dao 5, Abstract Ventures, Dispersion Capital, Blockchain Builders Fund, and Salt. Flora Growth has secured $401 million in financing, including over $366 million in physical digital assets and $35 million in cash and equivalent commitments. The company has signed a PIPE transaction agreement for the purchase and sale of common stock (including pre-subscription warrants) at a subscription price of $25.19 per share.
Additionally, physical contributions and partial physical loans valued at $3.00 per 0G token are included in the transaction.
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