Z Squared (ZSQR) said Wednesday it signed a binding letter of intent to acquire Skycore Digital, adding 24 megawatts of energized capacity with the potential to expand to 42 megawatts.
The all-stock deal, structured in Series B convertible preferred shares, is valued at up to $22 million with no cash or debt, the company said.
The deal is expected to close roughly 60 days after a definitive agreement is signed, it added.
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