Coeptis Therapeutics Holdings, Inc. (Nasdaq; COEP) (“Coeptis” or
the “Company”), a biopharmaceutical and technology company focused
on developing innovative cell therapy platforms for cancer,
autoimmune and infectious diseases, and Z Squared Inc. (“Z
Squared”), a Dogecoin mining company, today announced they have
entered into a definitive merger agreement for a business
combination that will result in Z Squared becoming a wholly-owned
subsidiary of Coeptis. Under the terms of the merger agreement, a
wholly-owned subsidiary of Coeptis will merge with and into Z
Squared and the holders of the outstanding Z Squared shares will
receive equity in Coeptis in exchange for 9,000 U.S. based dogecoin
mining machines at closing. The Boards of Directors of both Coeptis
and Z Squared have approved the proposed merger, which is subject
to customary closing conditions, including receipt of all
regulatory approvals, continued Nasdaq listing and the approval of
the proposed merger by Coeptis’ and Z Squared’s shareholders. In
connection with the merger, Coeptis intends to spin out its
biopharmaceutical operations, and continue to operate those
operations separate from Coeptis after the merger. The technology
operations will remain in the Company after the merger. Assuming
all conditions to closing are satisfied, the close of the
transaction is anticipated to occur in the third quarter of 2025.
It is anticipated that Coeptis will be rebranded and operate as Z
Squared, Inc., and is expected to list on the Nasdaq Capital
Market.
The combined Company will focus on advancing Z
Squared’s digital asset mining expertise, which focuses primarily
on generating Dogecoin (“DOGE”), along with other digital assets.
DOGE has a market cap of over $20B and its native blockchain
network’s operating mechanism provides proof-of-work (PoW) DOGE
rewards to the owners of digital asset mining machines, highly
sophisticated computers which complete complex mathematical
equations to process and record transactions on the network.
The surviving entity will be led by Z Squared
executives, David Halabu as Chief Executive Officer and Michelle
Burke as Chief Operating Officer. Current Coeptis President and
Chief Executive Officer, Dave Mehalick, will exit from the Board of
Directors upon closing. Prior to serving as Chief Executive Officer
of Z Squared, David Halabu was the founder and Managing Partner of
multi-vertical alternative investment firm, Group 10 Capital
Management.
Michelle Burke was most recently the Chief
Executive Officer at the pre-eminent digital asset mining company,
Minting Dome Inc.
"We are excited to take this step towards our
goal of creating the largest publicly-traded company in the United
States primarily focused on DOGE mining," said David Halabu. "We’re
proud of our strategy to bring retail and institutional audiences
alike in the public markets a focused exposure to a DOGE asset that
currently has over $20B in market capitalization. We believe we
have assembled a stellar team that has the requisite expertise and
infrastructure."
"We are excited to bring this opportunity to our
shareholders to become involved in the Dogecoin market space, while
at the same time being able to remain involved in our
biopharmaceutical operations as a result of the contemplated spin
out of those operations at closing," said Dave Mehalick. "I’ve been
deeply engaged in the evolution of blockchain infrastructure and am
aligned with the direction the new leadership intends to take the
Company."
Coeptis Therapeutics Holdings, Inc.,
together with its subsidiaries Coeptis Pharmaceuticals, Inc., GEAR
Therapeutics, Inc., SNAP Biosciences, Inc., and Coeptis
Technologies (collectively "Coeptis"), is a biopharmaceutical and
technology company. The biopharmaceutical divisions focus on
developing innovative cell therapy platforms for cancer,
autoimmune, and infectious diseases. Coeptis aims to advance
treatment paradigms and improve patient outcomes through its
cutting-edge research and development efforts.
Coeptis’ therapeutic portfolio is
underscored by assets licensed from Deverra Therapeutics, which
include an allogeneic cellular immunotherapy platform and DVX201, a
clinical-stage, unmodified natural killer cell therapy technology.
Coeptis is also developing a universal, multi-antigen CAR
technology licensed from the University of Pittsburgh (SNAP-CAR),
alongside GEAR cell therapy and companion diagnostic platforms in
collaboration with VyGen-Bio and distinguished medical researchers
at the Karolinska Institute.
Building on its core competencies,
Coeptis has recently established a Technology Division, which
focuses on enhancing operational capabilities through advanced
technologies. This division features AI-powered marketing software
and robotic process automation tools acquired from NexGenAI
Solutions Group, designed to optimize business processes and
improve overall efficiency.
Headquartered in Wexford, PA, Coeptis is
dedicated to advancing its mission within the regulatory framework
set forth by the Food and Drug Administration, ensuring that all
activities align with the highest standards of compliance and
patient care. For more information on Coeptis and its lines of
business, visit https://coeptistx.com About Z Squared
Inc.
Z Squared Inc. is a digital asset mining
company, focused primarily on the generation of Dogecoin (DOGE),
along with other digital assets such as Litecoin and other
altcoins. Z Squared aims to unlock gainful investor mining exposure
to DOGE, its $20B market cap, and the robust business of altcoin
compute mining.
Additional Information and Where to Find
It
In connection with the merger agreement
and the proposed business combination, Coeptis intends to file with
the SEC a Registration Statement, which will include a preliminary
proxy statement/prospectus and a proxy statement/prospectus.
Coeptis’ stockholders and other interested persons are advised to
read, when available, the preliminary proxy statement/prospectus
and the amendments thereto and the definitive proxy
statement/prospectus and documents incorporated by reference
therein filed in connection with the business combination, as these
materials will contain important information about Coeptis, Z
Squared, the merger agreement, the business combination and the
spin out. When available, the definitive proxy statement/prospectus
and other relevant materials for the business combination will be
mailed to stockholders of Coeptis and Z Squared as of a record date
to be established for voting on the business combination and spin
out. Stockholders of Coeptis and Z Squared will also be able to
obtain copies of the Registration Statement, the preliminary proxy
statement/prospectus, the definitive proxy statement/prospectus and
other documents filed with the SEC that will be incorporated by
reference therein, without charge, once available, at the SEC’s web
site at www.sec.gov.
Participants in the
Solicitation
Coeptis, Z Squared and their respective
directors, executive officers, other members of management and
employees may be deemed participants in the solicitation of proxies
from Coeptis’ and Z Squared’s stockholders with respect to the
proposed business combination and spin out. Investors and
securityholders may obtain more detailed information regarding the
names and interests in the business combination of the directors
and officers of each of Coeptis and Z Squared in such companies’
respective filings with the SEC, including the Registration
Statement.
No Offer or Solicitation
This press release shall not constitute
a solicitation of a proxy, consent, or authorization with respect
to any securities or in respect of the proposed business
combination or spin out. This press release shall also not
constitute an offer to sell or the solicitation of an offer to buy
any securities, nor shall there be any sale of securities in any
states or jurisdictions in which such offer, solicitation, or sale
would be unlawful prior to registration or qualification under the
securities laws of any such jurisdiction. No offering of securities
shall be made except by means of a prospectus meeting the
requirements of Section 10 of the Securities Act of 1933, as
amended, or an exemption therefrom.
Cautionary Note Regarding
Forward-Looking Statements
This press release and statements of our
management made in connection therewith contain "forward-looking
statements" (as defined in Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange Act of
1934, as amended). Forward-looking statements include statements
concerning our plans, objectives, goals, strategies, future events
or performance, and underlying assumptions, and other statements
that are other than statements of historical facts. When we use
words such as "may," "will," "intend," "should," "believe,"
"expect," "anticipate," "project," "estimate" or similar
expressions that do not relate solely to historical matters, we are
making forward-looking statements. Forward-looking statements are
not a guarantee of future performance and involve significant risks
and uncertainties that may cause the actual results to differ
materially and perhaps substantially from our expectations
discussed in the forward-looking statements. These statements are
subject to significant uncertainties and risks including, but not
limited, to those risks contained in reports filed by Coeptis with
the Securities and Exchange Commission (the "SEC"). For these
reasons, among others, investors are cautioned not to place undue
reliance upon any forward-looking statements in this press release.
Additional factors are discussed in the Company's filings made or
to be made with the SEC, which are available for review at
www.sec.gov. We undertake no obligation to publicly revise these
forward-looking statements to reflect events or circumstances that
arise after the date hereof unless required by applicable laws,
regulations, or rules.
Contacts
IR@coeptistx.com
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