- Flora Growth will rebrand to ZeroStack after raising $401 million through a PIPE round for AI treasury strategy.
- The PIPE round raised $35 million in cash and $366 million in digital assets with strong institutional backing.
- The company plans to invest in 0G tokens and SOL as part of a broader move into decentralized AI infrastructure.
Flora Growth Corp has confirmed the pricing of a $401 million private investment in public equity (PIPE) round. The company plans to support its AI-focused treasury strategy through this funding.
Upon completion, Flora Growth will be rebranded as ZeroStack. However, it will continue trading under its current ticker symbol, FLGC. The financing round is expected to close by September 26, pending final approvals.
PIPE Round Includes Cash and Digital Assets
The investment round raised $35 million in cash and $366 million in digital assets. Investors purchased common shares and pre-funded warrants at $25.19 per share. They could also contribute using 0G tokens, valued at $3 per coin. Contributors received pre-funded warrants, which become exercisable following shareholder approval.
The company’s treasury will include SOL tokens as part of a broader strategy. DeFi Development Corp. led the round with a $22.88 million investment. Other participants included Hexstone Capital, Dispersion Capital, Blockchain Builders Fund, and Carlsberg SE Asia PTE Ltd. Additional backing came from Salt, Dao5, and Abstract Ventures.
Earlier this year, Upexi raised $100M via PIPE led by GSR to accumulate and stake Solana as part of a new crypto treasury strategy. This caused its shares to surge over 400%.
0G Token Supports Distributed AI Training
Flora Growth will use the funds to expand its treasury and acquire more 0G tokens. These tokens power 0G, a decentralized AI network. The 0G platform integrates storage, computation, and AI training tools into one system. It allows developers from both Web2 and Web3 environments to build with AI infrastructure.
0G recently trained a 107 billion-parameter model using distributed computing. This achievement marked a 357x improvement over a Google research benchmark. It also demonstrated that decentralized systems were capable of performing large-scale AI computations without using central data centers.
Institutional Investors Target AI Infrastructure
The PIPE round offers institutional investors exposure to AI infrastructure through equity. Flora Growth’s shift to ZeroStack aligns with a financial restructuring strategy. The firm aims to provide scalable, verifiable, and cost-efficient AI development tools.
The rebranding reflects a deeper focus on decentralized AI systems. By holding digital assets like SOL and 0G, the firm seeks to strengthen its position in the AI and blockchain sectors.
Broader Market Movement Mirrors Strategy
Brera Holdings, based in Ireland, completed a similar $300 million PIPE round focused on Solana. Like Flora Growth, it rebranded following the funding round. Pulsar Group led that initiative, with support from the Solana Foundation and ARK Invest. This trend indicates rising interest in decentralized AI and blockchain-powered treasury models.
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