other material
confidence high
sentiment positive
materiality 0.50
Andretti Acquisition enters non-redemption agreement for up to 300K shares ahead of Zapata close
Zapata Quantum, Inc.
- Non-redemption agreement with Sandia Investment Management LP covers up to 300,000 ordinary shares.
- At closing, investor receives Redemption Price per share minus $9.00, paid from trust account.
- Business combination with Zapata Computing expected to close on March 28, 2024.
- Agreement rescinds prior redemption demands to support trust account proceeds for the deal.