| Subsequent Events |
The
Company has evaluated events subsequent to June 30, 2026 to assess the need for potential recognition or disclosure. Such events were
evaluated through September 28, 2026, the date the consolidated financial statements were available to be issued. The following were noted:
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On
July 9, 2026, the Company announced its first data center project. Located in West Texas, and with development platform provider HST Technologies,
Inc., the company’s plan projects the initial phase to supply 200-megawatts of critical IT utility load to tenants by early 2029,
with initial revenue expected in the first half of the calendar year 2028 as part of a phased approach. The project has the potential
to expand to more than 500-megawatts by 2030. |
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On
July 20, 2026, substantially all Dogecoin assets were sold for approximately $33.4
million. The proceeds will be used to fund the Company’s AI strategy. |
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On
July 29, 2026, the Company announced its second data center project, a 40-megawatt critical IT load campus located in Minnesota with a
fully executed tenancy agreement with Cerebras Systems, a leading AI compute company. The site is currently under construction, and the
Company expects to bring approximately at least 55-megawatts of utility power capacity and 40-megawatts of critical IT load fully online
by the end of the second calendar quarter of 2027. Revenue is expected to steadily increase in the first half of 2027. The initial contract
value is over $800
million dollars for a ten-year commitment with potential to reach over $3
billion dollars in aggregate revenue if two ten-year extension options are exercised by Cerebras. |
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On
August 31, 2026, the Company changed its name from CleanCore Solutions Inc. to Zone Frontier Inc. |
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August
11, 2026, the Company priced a best efforts public offering of 275,829,576
shares of the Company’s common stock, par value $0.0001
per share, pre-funded warrants to purchase up to 124,170,424
shares of Common Stock and accompanying warrants to purchase up to 400,000,000
shares of Common Stock |
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On
September 11, 2026, the Company’s Chief Financial Officer, David Enholm, retired. Chief Executive Officer, Tyler Hassen, now serves
as the Company’s principal financial officer and principal accounting officer with additional support from Vice President of Finance,
Meredith Kenyon, and numerous third-party accounting advisors with bookkeeping, SEC compliance and technical accounting expertise. |
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