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ZeroStack Corp.

Public

Retail & Consumer · Dallas, TX

Estimated pre-money ⓘ
$52.5M
As of Dec 2019 · from Reg A Offering (2019) · our estimate: offering price × shares outstanding, not a stated valuation
Total raised
$69,417,316
Crowd $40.0M · Private $29.4M · 6 rounds since 2019
Latest share price
$585.00
Reg A+ · Equity · Dec 2019 offering price · in today's shares

Financials

FY2018–FY2025 · from SEC filings · hover any figure for its source
$0
−$1.9M
2018
$106K
−$2.8M
2019
2020
$9.0M
−$21.4M
2021
$37.2M
−$52.6M
2022
$76.1M
−$57.0M
2023
$59.5M
−$15.9M
2024
$35.7M
−$119.7M
2025
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2018 audited
FY2019 audited
FY2020 audited
FY2021 audited
FY2022 audited
FY2023 audited
FY2024 audited
FY2025 audited
Income statement
Revenue
$0
$106,000
—
$8,980,000
$37,171,000
$76,071,000
$59,505,000
$35,676,000
Cost of goods sold
$1,899,714
$35,000
—
$6,555,000
$22,757,000
$58,333,000
$47,008,000
$34,027,000
Gross margin
—
67%
—
27%
39%
23%
21%
5%
Net income
-$1,899,714
-$2,771,926
—
-$21,361,000
-$52,629,000
-$57,036,000
-$15,907,000
-$119,732,000
Taxes paid
—
—
—
-$98,000
-$1,538,000
-$1,628,000
-$177,000
$59,000
Balance sheet
Cash
$0
$140,000
$15,523,000
$37,614,000
$9,537,000
$4,350,000
$6,017,000
$5,596,000
Accounts receivable
$238
—
—
$5,324,000
$6,851,000
$3,950,000
$3,061,000
$799,000
Total assets
$238
$1,173,000
$19,452,000
$85,479,000
$80,987,000
$23,626,000
$26,227,000
$130,235,000
Short-term debt
—
—
—
$18,000
$1,086,000
$1,931,000
$2,080,000
$2,722,000
Long-term debt
$0
—
—
—
—
$1,817,000
$0
$50,767,000
Total liabilities
$414,082
$2,478,000
$3,202,000
$8,538,000
$24,575,000
$17,222,000
$21,717,000
$59,683,000
Other
Headcount
5
—
—
—
—
102
—
—

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Pre-money — the valuation set before each round’s money came in
$52.5M
est. pre-money
Reg A+ · Equity · Dec 2019

Dotted grey bars are our estimate for rounds that didn't state one: the round's share price × the shares outstanding in its filings. Same measure as blue, but rougher.

Cap table

Share counts as of Nov 22, 2024
ClassOutstandingVotes / shareShare of totalLast price
Common Shares13,366,535—100.0%$585.00Dec 2019

Shares outstanding over timein today's share terms

343K171K0
Oct 2019Jul 2024
Common SharesRound openedSplit / conversion

Changes in named holdersshares in today's terms · % of all shares at the time

Principal holders% as the filing states it, Feb 27, 2026

  • Daniel Reis-Faria6,143,227 Common Shares71.7%of company
  • CSAPL Holdings Pte Ltd242,838 Common Shares9.33%of company
  • Dispersion Capital225,989 Common Shares9.3%of company
  • Blockchain Builders Fund 1, LP225,989 Common Shares9.3%of company
  • AVF III L.P225,989 Common Shares8.88%of company
  • LongHash Ventures Funds VCC on behalf of LongHash Ventures Sub Fund II203,392 Common Shares8.37%of company
  • dao5 Capital Fund L.P.206,878 Common Shares8.18%of company
  • Eterna Blockchain Fund II177,968 Common Shares7.32%of company
  • Dragon Roark VCC187,120 Common Shares7.15%of company
  • Michael Heinrich188,484 Common Shares5.93%of company
  • Dany Vaiman115,031 Common Shares4.53%of company
  • Edward Woo3,635 Common Shares0.15%of company
  • Manfred Leventhal129 Common Shares0.01%of company

Sold to the crowd

  • Reg A+ · Dec 201968,370 shares at $585.00 in today's terms · sold as 53,328,347 Common Stock at $0.75; since then a 1-for-20 reverse split (Jun 2023), a 1-for-39 reverse split (Aug 2025)$40M

From the company's SEC filings: share counts per class, each class's voting and conversion terms, and the holders of 20% or more that Form C requires (officers and 10%+ holders on Form 1-A). Filings name only large holders, so most owners — including crowd investors — are not listed, and a holder's percentage may be of its own class rather than of the whole company. Prices and crowd share counts are in today's share terms — adjusted for splits and conversions since they were sold. Hover a figure for its filing.

Fundraising history

Raised $1BInvestors 2
Raised $3.6MInvestors 11
Raised $25.2MInvestors 18
Raised $698KInvestors 6
Reg A+ · Equity · Jul 2024Closedvia Aegis Capital
Raised $0 / $75M
Reg A+ · Equity · Dec 2019Closedvia DALMORE GROUP LLC
Raised $40M / $50MEst. pre-money $52.5M

Team

5 people
Clifford Starke Panama
Chief Executive Officer and Director
Dany Vaiman Ontario, Canada
Chief Financial Officer
Brendan Cahill Ontario, Canada
Director (1)
Edward Woo British Columbia, Canada
Director (1)
Kevin Taylor Florida, USA
Director (1)

Names and titles as disclosed on SEC Form 1-A. Bios and photos come from the platform campaign page and may be out of date.

  • Form DSep 2, 20260002065365-26-000004
    EDGAR
  • Form 10-QJul 31, 20260001062993-26-003961
    EDGAR
  • Form DJul 29, 20260000912282-26-001016
    EDGAR
  • Form 10-QMay 4, 20260001062993-26-002279
    EDGAR
  • Form 10-KFeb 27, 20260001062993-26-001203
    EDGAR
  • Form 10-QNov 5, 20250001062993-25-016503
    EDGAR
  • Form DOct 10, 20250000912282-25-001056
    EDGAR
  • Form DOct 10, 20250000912282-25-001058
    EDGAR
Source: SEC EDGARCIK 0001790169Ontario, CanadaShare price $0.75Last synced Aug 16, 2026

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.