Z Squared, Inc. Announces Preliminary Inclusion in Russell 3000® and Russell 2000® Indexes

Z Squared (Nasdaq: ZSQR), a digital infrastructure company expanding into AI infrastructure for inference workloads, announced preliminary inclusion in the Russell 3000 and Russell 2000 indexes as part of the 2026 reconstitution.

Rhea-AI Summary

Z Squared (Nasdaq: ZSQR), a digital infrastructure company expanding into AI infrastructure for inference workloads, announced preliminary inclusion in the Russell 3000 and Russell 2000 indexes as part of the 2026 reconstitution.

Final membership is expected after market close on June 26, 2026, with trading under the new Russell indexes starting June 29, 2026, subject to FTSE Russell’s final schedule.

Positive

• Preliminary addition to Russell 3000 and Russell 2000 indexes for 2026
• Expected index membership effective after market close on June 26, 2026
• Inclusion may broaden institutional shareholder base, according to company
• Company sees potential to strengthen access to capital markets

Negative

• None.

Argus May 27 session

+5.39% close to close Open Argus

Details

News Market Reaction – ZSQR

On May 27, the day this news came out, ZSQR closed 5.39% above the previous close.

Data tracked by StockTitan Argus for the May 27 session.

Market Context

On May 27, the day this news came out, the stock closed 5.4% above the previous close. A strong posi...

Analysis

On May 27, the day this news came out, the stock closed 5.4% above the previous close. A strong positive reaction aligns with Z Squared’s recent pattern of favorable responses to visibility-enhancing milestones. The stock already showed a 5.46% pre-news move with volume at 1.62x its 20-day average, while still trading below its $12.02 200-day MA. Past AI capacity and acquisition announcements also coincided with gains, but the distance from the $18.80 52-week high underscores the risk that enthusiasm could fade if execution or demand disappoints.

Key Figures

Russell reconstitution year: 2026 Effective date: June 26, 2026 Trading commencement: June 29, 2026 +5 more

Russell reconstitution year

2026

2026 Russell indexes reconstitution cycle

Effective date

June 26, 2026

Final index membership effective after market close

Trading commencement

June 29, 2026

Newly reconstituted Russell indexes commence trading

Assets benchmarked

$12.2 trillion

Assets benchmarked against Russell U.S. indexes per FTSE Russell

Current price

$9.47

Pre-news price from latest market data

Daily move

5.46%

Pre-news 24-hour price change

20-day average volume

190,169 shares

Pre-news liquidity baseline

Market cap

$461,854,807

Pre-news equity value snapshot

Historical Context

5 past events · Latest: May 19

5 events

1. May 19

   AI capacity roadmap

   24h Move

   +7.0%

   Outlined Phase 1 plan to build 100 MW of AI-ready infrastructure.

2. May 04

   Advisory board formed

   24h Move

   -1.9%

   Created advisory board with market-facing advisors for AI expansion.

3. Apr 29

   AI infra acquisition

   24h Move

   +4.5%

   LOI to acquire Skycore Digital adding energized and expandable MW capacity.

4. Apr 28

   Listing milestone

   24h Move

   +4.5%

   Nasdaq closing bell event celebrating recent listing on global market.

5. Apr 28

   Exec appointments

   24h Move

   -1.1%

   Named co-CEO structure and CMO to advance AI infrastructure strategy.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

russell 3000, russell 2000, ftse russell, index funds

4 terms

russell 3000 financial

"included in the preliminary list of additions to the broad-market Russell 3000® Index"

A broad stock-market index made up of the roughly 3,000 largest publicly traded U.S. companies, ranked by their total market value. It serves as a wide “basket” of American stocks that reflects the overall performance of the U.S. equity market, so investors use it as a benchmark or to gain broad exposure through index funds and ETFs—similar to watching an economy-sized shopping cart to judge how an entire store is doing.

russell 2000 financial

"and the small-cap Russell 2000® Index as part of the 2026 Russell indexes reconstitution"

An index that tracks the performance of roughly 2,000 smaller publicly traded U.S. companies, ranked by their size measured in market value. Investors use it like a thermometer for the small‑company segment of the stock market: it shows how that part of the market is doing, serves as a common benchmark for small‑cap funds, and helps gauge risk appetite and economic trends that often affect smaller businesses more than large ones.

ftse russell financial

"according to a preliminary list published by FTSE Russell after the U.S. market close"

FTSE Russell is a global index provider that creates and maintains lists (indexes) showing how groups of stocks perform, similar to a scoreboard that ranks companies by size, sector and trading activity. Investors use these indexes as benchmarks and as the basis for investment products like index funds and ETFs, so when a stock is added or removed it can trigger buying or selling that affects its price and liquidity.

index funds financial

"widely used by investment managers and institutional investors for index funds and as benchmarks"

A fund that pools investors’ money to buy the same collection of stocks or bonds that make up a market index — like a ready-made basket representing the whole market or a specific slice of it. It matters because it gives broad exposure with lower fees and simpler management than picking individual securities, reducing the impact of any single holding and making it efficient for long-term investing.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FORT LAUDERDALE, Fla., May 27, 2026 /PRNewswire/ -- Z Squared, Inc. (Nasdaq: ZSQR) a digital infrastructure company expanding into AI infrastructure for inference workloads, today announced that the Company has been included in the preliminary list of additions to the broad-market Russell 3000^® Index and the small-cap Russell 2000^® Index as part of the 2026 Russell indexes reconstitution, according to a preliminary list published by FTSE Russell after the U.S. market close on Friday, May 22, 2026.

Final index membership is expected to become effective after the market close on Friday, June 26, 2026, subject to FTSE Russell's final reconstitution schedule and updates. The newly reconstituted Russell indexes are expected to commence trading at the market open on Monday, June 29, 2026.

"Inclusion in the Russell 3000 and Russell 2000 indexes is a meaningful milestone for Z Squared and reflects the growing recognition of our company within the investment community," said David Halabu, Chief Executive Officer of Z Squared, Inc. "We believe this recognition will broaden our institutional shareholder base and strengthen our access to capital markets as we continue executing on our strategy to build a scaled AI computing infrastructure platform."

The Russell U.S. Indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. According to FTSE Russell, approximately $12.2 trillion in assets are benchmarked against Russell U.S. indexes.

Membership in the Russell 3000^® Index also means automatic inclusion in the small-cap Russell 2000^® Index and the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.

For more information on the Russell indexes reconstitution, visit the FTSE Russell website at www.ftserussell.com.

ABOUT Z SQUARED, INC.
Z Squared, Inc. (Nasdaq: ZSQR) is a computing infrastructure company operating advanced computing equipment across North Carolina, South Carolina, and Iowa. The Company manages and optimizes a fleet of specialized computing hardware, supported by dynamic power management strategies, real-time analytics dashboards, and a comprehensive in-house repair and lifecycle management program designed to maximize hardware efficiency and reduce capital waste. Z Squared is focused on expanding its platform across digital asset mining, power generation, data center development, and AI/HPC hosting. Z Squared is headquartered in Fort Lauderdale, Florida.

For more information, please visit ir.zsquaredinc.com.

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. You can identify forward-looking statements by terminology such as "may," "should," "could," "would," "will," "expect," "anticipate," "intend," "plan," "believe," "estimate," "continue," "potential," "aim," "project," and similar expressions. Forward-looking statements in this press release include, without limitation, statements regarding the Company's preliminary inclusion in the Russell 3000® and Russell 2000® Indexes; the timing and completion of the 2026 Russell indexes reconstitution, including the expected effective date of final index membership and the expected commencement of trading of the reconstituted Russell indexes; the expected benefits of index inclusion, including the potential broadening of the Company's institutional shareholder base and access to capital markets; and the Company's strategy and plans to build a scaled AI computing infrastructure platform and to expand its operations across digital asset mining, power generation, data center development, and AI/HPC hosting.

These forward-looking statements are based on management's current expectations and assumptions and are subject to significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Such risks and uncertainties include, among others: the possibility that Z Squared is not included in the final Russell 3000® or Russell 2000® Indexes following completion of the reconstitution; changes by FTSE Russell to its reconstitution methodology, schedule, or eligibility criteria; the risk that index inclusion does not result in increased trading volume, institutional ownership, or analyst coverage of the Company's common stock; the risk that index inclusion does not have a positive effect on the price or liquidity of the Company's common stock, including as a result of volatility related to index reconstitution trading flows; the Company's ability to execute on its strategy to build a scaled AI computing infrastructure platform; risks associated with the Company's digital asset mining operations, including volatility in cryptocurrency prices, mining economics, network difficulty, and regulatory developments affecting digital assets; risks associated with the Company's planned expansion into power generation, data center development, and AI/HPC hosting, including the availability of suitable sites, power, equipment, and customers; the Company's ability to access additional debt and equity capital on acceptable terms; and the other risks described under the heading "Risk Factors" in the Company's Registration Statement on Form S-4 (File No. 333-288329) and in the Company's other filings with the U.S. Securities and Exchange Commission, including its most recently filed Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, which are available at www.sec.gov.

All forward-looking statements in this press release are based upon information available to Z Squared as of the date hereof. Z Squared undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required by applicable securities laws.

Investor Relations Contact: ZSQR@mzgroup.us

View original content:https://www.prnewswire.com/news-releases/z-squared-inc-announces-preliminary-inclusion-in-russell-3000-and-russell-2000-indexes-302782976.html

SOURCE Z Squared Inc.

FAQ

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What did Z Squared (NASDAQ: ZSQR) announce about the Russell indexes on May 27, 2026?

Z Squared announced its shares are on the preliminary addition list for the Russell 3000 and Russell 2000 indexes. According to Z Squared, this follows FTSE Russell’s preliminary 2026 U.S. index reconstitution list published after the U.S. market close on May 22, 2026.

When will Z Squared’s (ZSQR) Russell 3000 and Russell 2000 index membership become effective?

Final index membership for Z Squared is expected to become effective after the market close on June 26, 2026. According to the company, the newly reconstituted Russell indexes are then expected to begin trading at the market open on Monday, June 29, 2026.

How could Russell 3000 and Russell 2000 inclusion affect Z Squared (ZSQR) investors?

Inclusion could increase visibility among index funds and institutional investors that track Russell benchmarks. According to Z Squared, management believes index membership may broaden its institutional shareholder base and support access to capital markets as it builds its AI computing infrastructure platform.

Why is Z Squared’s preliminary inclusion in the Russell 3000 index important?

Preliminary Russell 3000 inclusion signals that Z Squared meets FTSE Russell’s market-capitalization and style criteria. According to FTSE Russell, about $12.2 trillion in assets are benchmarked against Russell U.S. indexes, making membership a potentially meaningful milestone for liquidity and investor awareness.

Does Russell 3000 membership automatically place Z Squared (ZSQR) in other Russell indexes?

Yes. Membership in the Russell 3000 also means automatic inclusion in the small-cap Russell 2000 and relevant style indexes. According to FTSE Russell, index membership is primarily determined by objective market-cap rankings and style attributes during the annual reconstitution process.