Coeptis announced a merger with Z Squared to transform into Dogecoin mining, and its stock price plummeted by nearly 40%

Odaily News Coeptis Therapeutics will merge with Z Squared, which focuses on Dogecoin mining, and plans to change its name to Z Squared, officially transforming from a biopharmaceutical company to a digital asset mining company. The merger will include the acquisition of 9,000 Dogecoin mining machines and the divestiture of the original biopharmaceutical department. Affected by the news, Coeptis's stock price plummeted by nearly 40%, and its current market value is approximately US$32 million. The new company will be led by Z Squared's current CEO David Halabu and COO Michelle Burke, with the goal of creating the largest Dogecoin mining listed company in the United States.