secwatch.observer — SEC 8-K summary
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Issuer:     Zapata Quantum, Inc. (ZPTA)
CIK:        0001843714
Form:       8-K
Filed at:   2024-09-03T23:59:59+00:00
Accession:  0000950170-24-102885
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Zapata Computing posts $29.7M net loss in 2023; going concern flagged
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- Revenue $5.7M in 2023, up 10% from $5.2M in 2022.
- Net loss widened to $29.7M from $23.4M; accumulated deficit $89.5M.
- Cash dropped to $3.3M at Dec 31, 2023 from $10.1M a year earlier.
- Related-party notes payable $8.9M; auditor cites substantial doubt about going concern.
- Audited financials filed as exhibit; restated for reverse recapitalization with SPAC at 0.9141 exchange ratio.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1843714/000095017024102885/0000950170-24-102885-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1843714/000095017024102885/ck0001843714-20240903.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-102885

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