secwatch.observer — SEC 8-K summary
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Issuer:     Zapata Quantum, Inc. (ZPTA)
CIK:        0001843714
Form:       8-K
Filed at:   2023-07-13T23:59:59+00:00
Accession:  0000950142-23-001984
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Andretti Acquisition sees 15.1M share redemptions; enters non-redemption deals for 3.5M shares
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- Shareholders redeemed 15,105,199 Class A shares at ~$10.62/share, leaving $83.8M in trust.
- Sponsor entered non-redemption agreements with investors covering 3.5M Class A shares not redeemed.
- In exchange, Sponsor will transfer 875,000 Class B founder shares after initial business combination.
- Extension proposal seeks to move deadline from July 18, 2023 to April 18, 2024.
- Non-redemption agreements do not increase likelihood of extension approval but preserve trust funds.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1843714/000095014223001984/0000950142-23-001984-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1843714/000095014223001984/eh230380307_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950142-23-001984

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