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# A Pharma Company Took a Billion in Meme Coins. A Meme Coin Principal Is Now Its President.
- URL: https://www.pennystocks.news/zstk-a-pharma-company-took-a-billion-in-meme-coins-a-meme-co/
- Published: 2026-08-21T02:56:46.000Z
- Updated: 2026-08-21T02:56:46.000Z
- Description: The shares were priced at more than twelve times ZeroStack's market price before the deal was announced. The meme coin's principal, who accepted those terms, is now running the company.
- Author: PennyStocksNews Team
- Tags: nasdaq, ticker-zstk

ZeroStack Corp. distributes pharmaceuticals through a German subsidiary and calls itself a decentralized AI asset manager. On Tuesday it **agreed to accept $1 billion of a meme coin in exchange for new shares** — and appointed a principal of that meme coin as company president.

ZeroStack Corp. NASDAQ: ZSTK 

The detail that stands out is the price. According to ZeroStack's August 19 announcement, the shares are being issued at **$25.19 each**. Before the deal was published, the stock had been trading at around $1.84\. The company says the agreed price — **more than twelve times the market rate** — reflects the Memecore principals' conviction in ZeroStack's strategy. The release does not say why a buyer would pay that premium rather than buying shares in the open market.

Shares **closed 169.55% higher at $4.9600** after the announcement, on dollar volume of about $203 million.

For existing holders this is mainly a question of how many new shares end up in circulation. ZeroStack has a free float of about 1.6 million shares. The **3.5 million shares being issued immediately** are already more than double that. Warrants for about **36 million additional shares require shareholder approval** under Nasdaq listing rules before a single one can be issued, and any shares that do come through carry a lock-up of up to **ten years**. The company has not said when that vote will be held.

The $1 billion comes in the form of **about 926 million Memecore tokens** — traded as $M — valued at their prevailing market price of **$1.08 apiece**, the company says. Memecore describes itself as a blockchain built to turn internet memes into long-term economic assets rather than short-term speculation.

Rudy Rong, identified in the release as a Memecore principal, is **joining ZeroStack as president** under the terms of the deal. CEO Daniel Reis-Faria stays in place.

The release does not say what happens to the transaction if shareholders vote down the warrants — which represent the bulk of the billion-dollar contribution.