BlockBeats News, September 20th, Nasdaq-listed company Flora Growth Corp. (ticker: FLGC) announced today the pricing of its Private Investment in Public Equity (PIPE) in its public listing company, implementing a 0G treasury strategy. Flora Growth has raised $401 million, including over $366 million in digital assets and $35 million in cash and cash equivalents, and has entered into a PIPE transaction agreement to purchase and sell the company’s common stock at a subscription price of $25.19 per share. The transaction also includes in-kind contributions and partial in-kind loans valued at $3.00 per 0G token. Following the completion of the transaction, the company is expected to rebrand as ZeroStack while retaining the “FLGC” ticker symbol.
This financing round was led by Solana-backed DeFi Dev Corp., with participation from Hexstone Capital, Carlsberg SE Asia PTE Ltd (CSAPL), as well as Dao5, Abstract Ventures, Dispersion Capital, Blockchain Builders Fund, and Salt, among others.
