SCHEDULE: ZeroStack Corp. Shareholder Filing Update

Michael Heinrich and Zero Gravity Labs Inc. have filed an amendment to their Schedule 13D concerning ZeroStack Corp., detailing a note settlement agreement and beneficial ownership.

Summary

• Michael Heinrich and Zero Gravity Labs Inc. (0G) have filed an amendment to their Schedule 13D regarding ZeroStack Corp. common shares.
• The filing details a note settlement agreement dated March 31, 2026, between ZeroStack Corp. and 0G.
• Under this agreement, ZeroStack Corp. is to pay 50,000,000 Tokens to 0G by March 31, 2026, to fully satisfy a convertible promissory note.
• Michael Heinrich beneficially owns 471,208 common shares of ZeroStack Corp., representing 10.0% of the class.
• Michael Heinrich is also a director and Chairman of the Board of ZeroStack Corp. as of September 20, 2025.
• Zero Gravity Labs Inc. currently holds 0 shares and has 0% beneficial ownership.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral, primarily reporting on a debt settlement and beneficial ownership update without significant new financial performance data or strategic shifts.

Positives

• The note settlement agreement resolves a convertible promissory note obligation for ZeroStack Corp., potentially simplifying its financial structure.
• Michael Heinrich's beneficial ownership of 10.0% of ZeroStack Corp. common shares indicates a significant stake.

Negatives

• The settlement requires ZeroStack Corp. to pay 50,000,000 Tokens, the terms and valuation of which are not detailed in this filing.
• Zero Gravity Labs Inc. has no beneficial ownership reported in this filing, despite being a party to the settlement agreement.

Risks

• The valuation and liquidity of the 50,000,000 Tokens to be paid by ZeroStack Corp. are not specified, posing a potential risk if the tokens are illiquid or overvalued.
• The filing does not provide details on the original terms of the convertible promissory note or the reasons for its settlement, which could indicate underlying financial pressures for ZeroStack Corp.

Future Outlook

The future outlook is not explicitly detailed in this filing, beyond the obligation for ZeroStack Corp. to pay 50,000,000 Tokens by March 31, 2026, to settle the promissory note.

Management Comments

• Michael Heinrich is the Chief Executive Officer of 0G and a director and Chairman of the Board of ZeroStack Corp.
• The Note Settlement Agreement provides that upon payment by the Issuer to 0G on or before March 31, 2026 of 50,000,000 Tokens, the Issuer shall be deemed to have paid the entire Principal and Interest of the Note in full and the Issuer shall have no further obligations under the Note and the Note shall be deemed to be satisfied.

Industry Context

StockSavvy.ai notes that this filing pertains to a significant shareholder's disclosure of a debt settlement involving digital tokens, which is becoming increasingly common in technology and blockchain-related companies. The use of tokens as a form of payment for debt obligations highlights evolving financial instruments within the tech sector.

Related Party Transactions

• The Note Settlement Agreement between ZeroStack Corp. and Zero Gravity Labs Inc. (0G) is a related party transaction, as Michael Heinrich controls 0G and is also a director and Chairman of the Board of ZeroStack Corp.

Stakeholder Impact

• Shareholders: The settlement of the convertible promissory note may impact the company's financial obligations and potentially its future cash flow depending on the nature and valuation of the tokens. Michael Heinrich's significant stake (10.0%) means his actions and interests are closely aligned with the company's performance.
• Creditors: The settlement of a note obligation could be viewed positively by other creditors as it reduces outstanding debt, assuming the token payment is a sound financial decision.
• Suppliers: No direct impact is indicated for suppliers.

Next Steps

• ZeroStack Corp. must pay 50,000,000 Tokens to 0G by March 31, 2026, to fully satisfy the convertible promissory note.
• The Note Settlement Agreement will be deemed satisfied upon completion of the token payment.

Key Dates

Keywords

Schedule 13D, ZeroStack Corp., Michael Heinrich, Zero Gravity Labs Inc., Beneficial Ownership, Note Settlement Agreement, Convertible Promissory Note, Tokens, SEC Filing, Corporate Governance