Z Squared Closes Paradox Data Acquisition for $5M Preferred; Sets $1 Lease to Transition Site
Z Squared closed its purchase of Paradox Data, issuing $5 million of Series A Convertible Preferred Stock at closing. To ensure a smooth transition at the El Dorado, Arkansas campus, the parties entered a $1-per-year triple net lease with a one-time relocation payment capped at $500,000, and a powe…