Lucosky Brookman LLP represented Zone Frontier Inc. (NYSE American: ZONE), formerly CleanCore Solutions, Inc., in the sale of its legacy aqueous ozone cleaning products business, including its wholly owned subsidiary CleanCore Global Limited, to Sanzonate Holdings LLC.
The transaction includes a $3.35 million secured promissory note bearing 6% interest, up to $2.25 million in additional contingent earnout payments, and a 5% equity interest in Sanzonate Holdings.
The divestiture marks a significant step in Zone Frontier’s strategic transition toward AI infrastructure development. According to the company, the sale eliminates approximately $3 million in annual cash burn associated with the legacy business, allowing Zone Frontier to focus resources on its AI infrastructure platform.
The transaction was approved by Zone Frontier’s independent directors following receipt of a fairness opinion.
Lucosky Brookman LLP served as company counsel to Zone Frontier Inc. in connection with the transaction.
