secwatch.observer — SEC 8-K summary
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Issuer:     Zapata Quantum, Inc. (ZPTA)
CIK:        0001843714
Form:       8-K
Filed at:   2024-03-26T23:59:59+00:00
Accession:  0000950142-24-000784
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1843714/000095014224000784/0000950142-24-000784-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1843714/000095014224000784/eh240461749_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950142-24-000784

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