Flora Growth will raise $401M in cash and tokens to become the first Nasdaq holder of 0G, Zero Gravity’s native token, with an FDV of $3B.

Flora Growth to Become First Public Holder of 0G in $401M Deal

Flora Growth (Nasdaq: FLGC) is preparing to raise $401M in a private placement — $35M in cash and $366M in tokens, primarily in 0G, the native token of the new blockchain network Zero Gravity (0G).

The deal is being led by DeFi Development Corp., a well-known Solana-based vault player with ~$480M in SOL assets, along with Hexstone Capital and Carlsberg SE Asia PTE Ltd.

0G Token with $3 Billion Valuation

The 0G token is set to list on major exchanges after its airdrop on Monday. At $3, its FDV would be $3 billion, putting the project on par with Pudgy Penguins or Trump-backed World Liberty Financial.

Flora plans to rebrand itself as ZeroStack after the deal, but will retain the ticker FLGC on Nasdaq.

Zero Gravity: A Blockchain for Decentralized AI

0G Labs is developing a decentralized OS for distributed training of AI models. The team has already trained a model with 107 billion parameters on a testnet on a cluster with low-speed internet connections.

The firm has $75 million in seed funding and a $250 million token buyback agreement with the 0G Foundation. The mainnet launch is expected to coincide with the token launch.

Market Reaction and Treasury Strategy

FLGC shares jumped 69% in after-hours trading following the announcement, recoupling their year-to-date decline.

“This treasury strategy gives institutional investors equity access to the fundamental infrastructure for transparent, scalable, and private AI development,” said incoming CEO Daniel Reis-Faria.

DeFi Development Corp COO Parker White confirmed to X: “We did not sell SOL for this deal. We retain full SOL exposure and the additional upside from the SOL that we leveraged.”