BlockBeats reports that on September 20th, Nasdaq-listed Flora Growth Corp. (FLGC) announced the pricing of its private investment in publicly traded companies (PIPE) offering, implementing its ZeroG Treasury strategy. Upon completion of the transaction, the company expects to change its name to ZeroStack and retain the "FLGC" ticker symbol.
The offering was led by DeFi Dev Corp., a Solana Financial Strategy listed company, with participation from Hexstone Capital, Carlsberg SE Asia PTE Ltd (CSAPL), Dao5, Abstract Ventures, Dispersion Capital, Blockchain Builders Fund, and Salt.
Flora Growth has secured $401 million in financing, comprised of over $366 million in physical digital assets and $35 million in cash and equivalent commitments, and has entered into a PIPE transaction agreement to purchase and sell common stock (including pre-purchase warrants) at a price of $25.19 per share. This transaction also includes an in-kind contribution of $3.00 per 0G token and a portion of an in-kind loan.
