Andretti Acquisition enters Forward Purchase Agreement with Sandia for up to 1.5M shares in Zapata deal

Zapata Quantum, Inc.

Entered Forward Purchase Agreement and PIPE Subscription Agreement with Sandia Investment Management LP for up to 1,500,000 shares.
Business combination with Zapata Computing expected to close March 28, 2024; redemption price ~$10.99 per share for public shareholders.
Sandia will purchase shares concurrently with closing; prepayment amount tied to redemption price; initial reset price $10.00 per share.
Sandia waives redemption rights on recycled shares; forward agreement includes Dilutive Offering Reset and optional early termination.

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