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Nasdaq-listed company Zeta Network Group Inc. (NASDAQ: ZNB) announced that it has reached a securities purchase agreement with institutional investors to issue and sell up to $10 million of senior 10% original issue discount (OID) convertible notes and warrants. The issuance will be completed in two phases, with the first closing involving $6 million of notes, which is expected to bring the company approximately $5.4 million in net proceeds. The closing is expected to be around March 12, 2026; the second tranche of remaining funds is expected to close no earlier than May 12, 2026. Zeta Network plans to use the proceeds mainly to purchase Bitcoin to bolster its reserves and support the development of its Bitcoin-centric institutional financial platform and general operational needs.