Recent developments highlight the company's strategic merger, capital structure improvements, and ongoing operational initiatives in cryptocurrency mining.

• Coeptis completed a business combination with Z Squared, Inc. in April 2026, resulting in a reorganization and name change to Z Squared Inc. [S2].
• The company announced the extinguishment of a convertible note, strengthening its capital structure in July 2025 [N6].
• Coeptis filed a Form S-4 registration statement for the proposed merger with Z Squared Inc. in June 2025 [N7].
• The company secured worldwide rights to the GEAR cell therapy platform and established GEAR Therapeutics to advance cancer cell therapy, though this legacy biopharmaceutical business was spun out in 2026 [N8][S2].
• OpCo's cryptocurrency mining operations focus on Dogecoin and Litecoin using specialized ASIC miners across multiple U.S. locations, with hosting and custody agreements in place [S2].

The company's unique focus on altcoin mining, particularly Dogecoin and Litecoin, offers a diversified revenue profile compared to bitcoin-centric miners. Operational efficiencies through specialized hardware management and agile infrastructure deployment could support sustained mining performance. Strategic partnerships and a strong leadership team with relevant industry experience may facilitate effective execution of growth initiatives. The recent extinguishment of convertible notes and capital structure strengthening provide a foundation for pursuing expansion and operational milestones.

Coeptis operates in a highly competitive and rapidly evolving digital asset mining industry with well-capitalized competitors possessing scale, advanced technology, and access to low-cost renewable energy. The company has a limited operating history and has incurred significant losses, raising concerns about its ability to achieve and sustain profitability. Capital constraints and the need for additional financing pose risks to executing its business plan. Regulatory uncertainties, market volatility, and operational challenges inherent to new enterprises add to the risk profile.

Coeptis' competitive advantages stem from its altcoin-focused mining strategy, which allows dynamic allocation of hash power to optimize returns across Dogecoin and Litecoin. Its operational expertise includes advanced repair and spare parts programs that extend hardware life and reduce capital expenditure. The company benefits from strategic hosting and custody agreements, providing stable infrastructure and security. Leadership with proven experience in crypto mining and technology enhances operational agility. These factors collectively contribute to a differentiated position in a competitive and capital-intensive digital asset mining industry.

• Capital and Liquidity Risk: The company has incurred significant losses and has substantial doubt about its ability to continue as a going concern without additional financing. Access to capital on acceptable terms is uncertain and may dilute existing shareholders or impose restrictive covenants.
• Competitive Risk: The digital asset mining industry is intensely competitive with well-capitalized, technologically advanced, and geographically diversified competitors. These competitors benefit from economies of scale, renewable energy access, and proprietary technology.
• Operational Risk: As a development-stage company, Coeptis faces risks related to executing its business plan, managing growth, and maintaining operational efficiency across multiple mining sites and hardware fleets.
• Regulatory and Market Risk: The company operates in a highly regulated environment with exposure to cryptocurrency market volatility, regulatory changes, and accounting standards that affect asset valuation and reporting.

• Coeptis Therapeutics Holdings, Inc. completed a business combination (Merger) with Z Squared, Inc. on April 24, 2026, resulting in a reorganization and spin-out of its historical biopharmaceutical operations except those conducted through GEAR Therapeutics, Inc. [S1][S2].
• Post-merger, Coeptis changed its name to Z Squared Inc. on April 27, 2026 [S1][S2].
• The company operates a development-stage, vertically integrated cryptocurrency mining business (OpCo) focused on optimized, multi-asset digital mining of Dogecoin (DOGE) and Litecoin (LTC) across six locations in North Carolina, South Carolina, and Iowa [S1][S2].
• OpCo manages a fleet of specialized ASIC miners including Antminer L7, L9, and DG1+ models, tailored to specific mining algorithms such as SHA-256, Scrypt, and kHeavyHash [S1][S2].
• Mining operations emphasize prompt conversion of mined crypto assets to fiat or stablecoins within approximately two weeks to mitigate price volatility and comply with accounting standards [S1][S2].
• The company has a Master Services Agreement with Minting Dome for hosting, power at $0.088 per kWh, internet access, and operational management of mining equipment, with an initial term of three years [S1][S2].
• OpCo also has a custody agreement with Anchorage Digital for secure storage and settlement of digital assets [S1][S2].
• Competitive advantages include an altcoin-focused mining strategy, operational expertise, agile infrastructure management, and advanced repair and lifecycle management processes to extend hardware longevity and reduce capital waste [S1][S2].
• Leadership includes Michelle Burke as Co-Chief Executive Officer since April 2026, with prior experience leading crypto mining and technology companies [S1][S2].
• The company reported revenue of $113,771 and a net loss of $4,020,896 for the quarter ended March 31, 2026, with basic and diluted EPS of -$0.65 [S2].
• As of March 31, 2026, Coeptis held cash and equivalents of $13,830 and short-term investments of $50,551, with current assets of $5,908,108 and current liabilities of $1,817,319, resulting in a current ratio of 3.25 and a cash ratio of 0.04 [S2].
• The company has incurred significant losses historically and expects to require additional capital to fund operations and growth initiatives; there is substantial doubt about its ability to continue as a going concern without additional financing [S1][S2].
• Risks include intense competition in the digital asset mining industry from well-capitalized and technologically advanced firms, regulatory and market uncertainties, capital constraints, and operational risks associated with new enterprise growth [S1][S2].
• The company has entered into various strategic partnerships and agreements, including licensing for cell therapy platforms and AI-driven marketing solutions, but its current core business focus is on cryptocurrency mining post-merger [N6][N7][N8].
• Recent news includes the extinguishment of a convertible note strengthening capital structure and filings related to the merger with Z Squared Inc. [N6][N7].