The cannabis company listed at NASDAQ, Flora Growth, launched a cash initiative of $ 401 million to support Zero Gravity (0G), a blockchain project focused on switching on decentralized AI infrastructures.
This decision requires a private investment agreement combining 35 million dollars in cash with 366 million dollars in digital assets in kind, mainly labeled in 0g chips. As part of the transaction, Flora will be renamed as Zerostack while retaining its Nasdaq Ticker, FLGC, according to an announcement on Friday.
Solana (Sol) Treasury Company Deamp Development Corp. (DFDV) led the agreement, alongside Hexstone Capital and Carlsberg SE Asia Pte Ltd, with the participation of companies such as DAO5, ABSTRACT VENTURES AND DISPLISION Capital.
“We are delighted to associate ourselves with FLGC on this fundraising and we are delighted to conduct a deep collaboration between 0G and Solana,” said DFDV CEO Joseph Onorati. Flora will also hold part of her Treasury to Sol Tokens.
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Zero severity trains 107B Model parameter
The investment aims to evolve the IA infrastructure of 0G, which can already form a model of parameters of 107 billion using distributed clusters, a feat which exceeds the previous references of technology giants like Google. 0G requires an improvement in the efficiency of 357x compared to existing distributed AI executives.
The incoming CEO, Daniel Reis-Faria, described the Treasury’s decision as a means for institutional investors to obtain an exposure based on actions to transparent, verifiable and confidentiality infrastructure. »»
The fence is expected by September 26, pending the approval of the shareholders. Some investors will receive pre -funded mandates linked to the use of 0G tokens in the offer.
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Standard Charterred Warns of Dat Shakeout while the Mnavs collapse
Digital cash companies (DAT) are faced with mounting pressure because the values of net market assets (MNAV) in the sector have decreased sharply, Standard Chartered said on Monday. Once reinforced by the success of the Strategy Bitcoin accumulation model, the DAT boom blocked, exposing small players to growing risks as their assessments flow.
A MNAV greater than 1 generally allows companies to issue new actions and extend assets in cryptography. However, with many date that are now negotiated below this threshold, access to low -cost capital has dried up, blocking additional accumulation and growth.
The bank plans to consolidate the sector level, with larger and better funded players such as strategy and bitming emerging as probable winners. Small businesses with deleted MNAVs can become acquisition objectives.
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