ZeroStack tells SEC it may not survive another year of operation

ZeroStack fears it may not have enough cash to operate for another year, as its 0G token treasury sinks 91%.

The Nasdaq-listed company told the U.S. Securities and Exchange Commission (SEC) Friday that there is substantial doubt about its ability to keep operating as a going concern for the next 12 months.

In the filing, ZeroStack said the company primarily relies on selling staking rewards to fund operations.

ZeroStack reports a $339.1 million deficit

The firm incurred a net loss of $61.3 million in the first half of 2026, ending June 30th. At the time, it only had cash of $2.6 million, negative working capital of $0.6 million, and an accumulated deficit of $339.1 million, the document shows.

ZeroStack previously operated as a Cannabis firm called Flora Growth. It rebranded in September 2025 after securing $401 million in cash and tokens to pivot toward a digital asset treasury for 0G, the native token of Zero Gravity.

The company doubled down on the 0G token treasury in April 2026, announcing a $107 million financing transaction that would give it 21% of the total 0G token supply, Cryptopolitan reported.

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