Coeptis Strikes Landmark Merger with Z Squared
Deal News | Apr 25, 2025 | Globenewswire
Coeptis Therapeutics Holdings, Inc. and Z Squared Inc. have announced a definitive merger agreement that will see Z Squared become a wholly-owned subsidiary of Coeptis. The merger, approved by both companies' boards, involves Coeptis spinning out its biopharmaceutical operations while retaining its technology operations. Z Squared specializes in digital asset mining, primarily Dogecoin. The merger is expected to close in Q3 2025, subject to regulatory approvals and shareholder consent. Post-merger, the combined company will rebrand as Z Squared, Inc. and remain listed on the Nasdaq. Leadership will transition to Z Squared executives, with Coeptis CEO Dave Mehalick exiting. The merger will focus on expanding Z Squared's expertise in Dogecoin mining, leveraging its significant market capitalization.
Sectors
- Biopharmaceutical
- Cryptocurrency Mining
Geography
- United States – Both Coeptis Therapeutics and Z Squared are based in the United States, with Coeptis headquartered in Wexford, Pennsylvania.
Industry
- Biopharmaceutical – Coeptis Therapeutics is a biopharmaceutical company focused on developing innovative cell therapy platforms for diseases like cancer and autoimmune conditions.
- Cryptocurrency Mining – Z Squared Inc. specializes in digital asset mining, with a focus on Dogecoin and other altcoins, presenting exposure to potential investors in the cryptocurrency space.
Financials
- 9,000 – Number of Dogecoin mining machines to be transferred in exchange for equity in Coeptis.
- $20B – Market capitalization of Dogecoin, the primary digital asset to be mined by Z Squared.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Coeptis Therapeutics Holdings, Inc. | Target Company | Company | A biopharmaceutical and technology company focused on developing cell therapies for cancer and infectious diseases. |
| Z Squared Inc. | Bidding Company | Company | A digital asset mining company focused on generating Dogecoin and other altcoins. |
| Dave Mehalick | Former CEO of Coeptis | Person | Current President and CEO of Coeptis, will exit the board post-merger. |
| David Halabu | CEO of Z Squared | Person | CEO of Z Squared and future CEO of merged entity; has a background in alternative investment management. |
| Michelle Burke | COO of Z Squared | Person | COO of Z Squared with experience in digital asset mining. |