ZeroStack Corp. Acquires Significant Stake in MemeCore Tokens Ahead of Major Unlock

AI-generated NewsSnap summary based on source reporting.
Published: 2026-08-29
Category: business
Source: CryptoTicker

Nasdaq-listed ZeroStack Corp. (ZSTK) acquired 925,925,926 MemeCore (M) tokens on August 19, 2026, representing 40.9% of the circulating supply, as disclosed in an 8-K filing. The transaction, valued at approximately $1 billion, involved ZeroStack issuing its own shares and pre-funded warrants. This acquisition precedes a scheduled unlock of 56,111,112 MemeCore tokens on September 2, 2026, which is roughly 2.5% of the circulating supply. Rudy Rong, previously MemeCore's chief growth officer and a material source of the contributed tokens, was appointed president of ZeroStack upon closing.

Want more?

Open NewsSnap.ai for the full app experience, including audio, personalization, and more news tools.

Open NewsSnap.ai