Flora Growth announced a $401 million treasury to support Zero Gravity (0G), a decentralized AI blockchain. The company will rebrand to ZeroStack while keeping its Nasdaq ticker FLGC. The structure combines $35 million in cash and $366 million in in-kind digital assets, mainly 0G tokens.
The firm said the treasury backs Zero Gravity infrastructure and operations. It positioned 0G as a platform for decentralized AI training. The disclosure placed the $401 million treasury at the center of the transition to ZeroStack.
Management guided a closing by September 26, subject to shareholder approval. The company plans to continue trading as FLGC during the transition. The notice also mentioned pre-funded warrants tied to 0G token use in the offering.
Solana SOL treasury link and 0G tokens
DeFi Development Corp. (DFDV) led the private placement. Co-investors include Hexstone Capital and Carlsberg SE Asia PTE Ltd, with participation from Dao5, Abstract Ventures, and Dispersion Capital. The group backed the $401 million treasury and the ZeroStack pivot.
DFDV described the alignment with the Solana ecosystem.
“We’re thrilled to partner with FLGC on this fundraise and look forward to driving a deep collaboration between 0g and Solana,”
said CEO Joseph Onorati. The statement linked Zero Gravity to Solana scale and tooling.
Flora said it will hold a portion of its treasury in SOL alongside 0G tokens. The company did not disclose exact SOL allocation or custody details. It also did not outline staking, hedging, or lockup terms for the 0G tokens.
Zero Gravity trains 107B parameter model on decentralized AI
Zero Gravity reported the ability to train a 107B parameter model across distributed clusters. The team framed the result within decentralized AI workflows. It cited a 357x efficiency gain versus existing distributed AI frameworks.
The materials did not publish datasets, hyperparameters, or the full test protocol. They did state that the training occurred on multi-site clusters. They also said the process is repeatable under similar 0G configurations.
Incoming CEO Daniel Reis-Faria described the treasury as an equity-based path into a transparent and verifiable AI infrastructure. He emphasized a privacy-first approach for Zero Gravity. The comments positioned ZeroStack as the public company vehicle for that 0G exposure.
Market context: Standard Chartered on DAT mNAV pressure
A Standard Chartered note addressed Digital Asset Treasury (DAT) firms. It said mNAVs across the segment have moved lower. Many DAT names now trade below 1 mNAV, which limits new share issuance.
The bank wrote that an mNAV above 1 often supports balance-sheet growth. With mNAVs under that level, access to low-cost capital tightens. That dynamic can slow accumulation strategies at DAT firms.
Standard Chartered expects sector consolidation under these conditions. It cited larger players such as Strategy and Bitmine as better positioned. It also flagged the risk that smaller DAT firms could become acquisition targets if mNAVs remain depressed.
Trading and mechanics around FLGC and ZeroStack
FLGC shares rose about 5% on Friday, according to public dashboards. The move followed the $401 million treasury announcement. The company did not release guidance linked to the price action.
The rebrand to ZeroStack will follow corporate steps and shareholder approval. The company kept the FLGC symbol during the process. The notice did not include a record date for the final name switch.
The deal splits into $35 million cash and $366 million of 0G-denominated digital assets. Certain investors will receive pre-funded warrants connected to 0G usage in the offering. The company did not provide vesting schedules or warrant strike details.