CleanCore Solutions, Inc. (NYSE American: ZONE) Shareholder Update: Recently Announced Landmark $100 Million Public Equity Raise Advances its Minnesota AI Data Center Campus

Rhea-AI Summary

CleanCore Solutions (NYSE American: ZONE) closed a $100 million public equity raise to fund its Minnesota AI data center campus and support its shift to a pure-play, power-first AI infrastructure developer. The campus is backed by a definitive agreement with Cerebras Systems (NASDAQ: CBRS) totaling about $800 million in contracted value over 10 years, with potential to exceed $3 billion if all renewal terms are exercised.

According to the company, about $140 million of project equity capital is now funded or committed, including equity proceeds and prior Dogecoin sale proceeds. Management does not anticipate additional dilutive financing for this project and expects remaining capital to come from project-level debt and non-dilutive sources. The company will rebrand as Zone Frontier, with the transition expected by month-end.

Positive

• $100 million public equity raise completed to fund Minnesota AI campus
• Cerebras contract for Minnesota campus worth about $800 million over 10 years
• Contract value could exceed $3 billion if all renewal terms are exercised
• Approximately $140 million of project equity capital funded or committed
• Company does not anticipate further dilutive financing for Minnesota project

Negative

• $100 million equity raise implies dilution for existing shareholders
• Remaining project capitalization expected to rely on project-level debt financing

Market Reaction – CBRS

-13.24% $227.37 3.9x vol

15m delay

-13.24% Vs previous close

$227.37 Last Price

$211.33 $239.99 Day Range

$45.39B Market Cap

3.9x Rel. Volume

Following this news, CBRS has declined 13.24%, reflecting a significant negative market reaction. Our momentum scanner has triggered 29 alerts so far, indicating elevated trading interest and price volatility. The stock is currently trading at $227.37. Trading volume is very high at 3.9x the average, suggesting heavy selling pressure.

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Company will relaunch as Zone Frontier Inc. to develop, power, and deliver next-generation AI data center campuses

• As previously announced, the Company's definitive agreement with Cerebras Systems, Inc. (NASDAQ: CBRS) for the Minnesota campus represents approximately $800 million of contracted value over the initial 10-year term with the potential to exceed $3 billion if fully extended
  
  
• Approximately $140 million of project equity capital funded or committed by the Company for the Minnesota data center campus, including net proceeds of the equity raise and proceeds from the completed sales of its Dogecoin holdings
  
  
• The Company does not anticipate raising any additional dilutive financing for the Minnesota data center project
   
• The completed financing advances ZONE's initial Minnesota campus and accelerates a growing pipeline of AI infrastructure projects

HOUSTON, Aug. 13, 2026 /PRNewswire/ -- CleanCore Solutions, Inc. (NYSE American: ZONE) ("CleanCore" or the "Company"), a company building the critical infrastructure that powers the AI economy, yesterday announced the closing of its $100 million public equity raise.

The equity raise is a defining milestone in ZONE's transformation into a pure-play developer of power-first AI infrastructure. With this equity round now complete for its Minnesota data center campus, the Company moves from development into execution.

As previously announced, the Company's definitive agreement with Cerebras Systems, Inc. (NASDAQ: CBRS) for the Minnesota campus represents approximately $800 million of contracted value over the initial 10-year term. If all available renewal terms are exercised, aggregate contract value has the potential to exceed $3 billion.

Following the closing of the equity raise, the Company has approximately $140 million of project equity capital funded or committed for the Minnesota data center campus, including net proceeds of the equity raise and proceeds from the completed sales of its Dogecoin holdings. The Company currently expects the remaining project capitalization to be funded through project-level debt financing, cash flow from operations and other non-dilutive amounts contractually provided for under the project's agreements.

"This closing does exactly what we set out to do," said Tyler Hassen, Chief Executive Officer of ZONE. "With the recently announced equity, ZONE is positioned to accelerate the completion of our Minnesota campus, and it deepens our institutional partnership base. Power is the binding constraint on AI compute today, and ZONE is building the infrastructure needed to help solve that challenge. I am committed to our mission and believe in our ability to execute, which is why I personally invested in this financing."

The company also announced today its brand transition to Zone Frontier Inc., which is aligned with its focus on building the critical infrastructure that powers the AI economy.

"Our rebrand to Zone Frontier reflects our commitment to developing next-generation data center campuses for the world's leading AI and technology companies," continued Hassen. "We are seeing tremendous long-term value creation potential in our growing pipeline and are excited to build a world-class business over time."

The transition is expected to be complete by the end of the month. The Company's new website is www.zonefrontier.com.

About CleanCore Solutions, Inc.

CleanCore Solutions, Inc. (NYSE American: ZONE) is helping to build the critical infrastructure that powers the AI economy. Through a growing pipeline of projects, ZONE aims to help meet the increasing demand for compute capacity, power, and digital infrastructure required by the world's leading AI companies.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include, but are not limited to, statements regarding the expected use of the proceeds from the offering, the Company's anticipated capital needs and financing plans for the Minnesota data center project, the potential value of the Company's contracts, the Company's business strategy and pipeline of projects, the Company's expected transition to an AI infrastructure business, and the planned name change. Forward-looking statements are generally identified by words such as "anticipates," "believes," "expects," "intends," "plans," "may," "will," "could," "should," "estimates," "projects," "potential," "focused on," "aims," "expand," "expected," "look forward," and similar expressions. These forward-looking statements are based on management's current expectations and assumptions as of the date of this press release and are subject to significant risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied. Such risks and uncertainties include, but are not limited to: the highly speculative and uncertain nature of the Company's AI critical infrastructure business; the Company's continued ability to successfully transition its business model from cleaning services; the Company's lack of operating history in the data center or computing infrastructure industry; the Company's limited experience in the data center and AI infrastructure industries; the Company's ability to obtain project-level debt financing on acceptable terms or at all; the status of the Company's operations, results of operations, growth strategy and liquidity; and, general economic, financial, capital market and industry conditions.

For a more complete discussion of risks and uncertainties, please refer to the Company's filings with the SEC, including the "Risk Factors" section of the Company's most recent Annual Report on Form 10-K or Quarterly Report on Form 10-Q. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. All forward-looking statements are qualified in their entirety by this cautionary statement.

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SOURCE CleanCore Solutions (NYSE AMERICAN: ZONE)

FAQ

What did CleanCore Solutions (NYSE American: ZONE) announce about its $100 million equity raise?

CleanCore Solutions announced it closed a $100 million public equity raise to fund its Minnesota AI data center campus. According to the company, this financing moves the project from development into execution and supports its transition into a pure-play, power-first AI infrastructure developer.

How large is the Cerebras Systems (NASDAQ: CBRS) contract for ZONE’s Minnesota AI data center?

The definitive agreement with Cerebras Systems represents about $800 million of contracted value over the initial 10-year term. According to the company, total contract value could exceed $3 billion if all available renewal terms for the Minnesota campus are exercised.

How is the Minnesota AI data center campus for ZONE expected to be funded?

According to the company, about $140 million of project equity capital is funded or committed, including equity raise proceeds and Dogecoin sale proceeds. Remaining capitalization is expected from project-level debt, cash flow from operations, and other non-dilutive amounts under project agreements.

Will ZONE raise additional dilutive financing for its Minnesota AI data center project?

The company stated it does not anticipate raising additional dilutive financing for the Minnesota data center project. According to CleanCore, remaining funding is expected from project-level debt, operating cash flows, and non-dilutive amounts already provided for in project agreements.

What is Zone Frontier and how does it relate to CleanCore Solutions (ZONE)?

CleanCore Solutions announced a brand transition to Zone Frontier, aligning with its focus on AI infrastructure. According to the company, the rebrand reflects its strategy to develop next-generation AI data center campuses and is expected to be completed by the end of the month.

How much project equity capital has ZONE committed to its Minnesota AI campus after the raise?

Following the equity financing, the company reports about $140 million of project equity capital funded or committed for the Minnesota campus. According to CleanCore, this includes net proceeds from the $100 million equity raise and proceeds from completed sales of its Dogecoin holdings.