secwatch.observer — SEC 8-K summary
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Issuer:     Zapata Quantum, Inc. (ZPTA)
CIK:        0001843714
Form:       8-K
Filed at:   2023-03-27T23:59:59+00:00
Accession:  0000950142-23-000801
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Andretti Acquisition Corp. issues $1.1M in promissory notes to insiders for working capital
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- Three notes issued to Michael M. Andretti ($500K), William J. Sandbrook ($500K), and William M. Brown ($100K).
- Notes bear 4.50% annual interest, due upon business combination or liquidation.
- Payees may convert principal into warrants at $1.00 per warrant, identical to IPO private placement warrants.
- Proceeds used for general working capital; notes unsecured and drawn prior to maturity.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1843714/000095014223000801/0000950142-23-000801-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1843714/000095014223000801/eh230343613_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950142-23-000801

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer