{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-114391","form_type":"8-K","ticker":"ZPTA","cik":"0001843714","company_name":"Zapata Quantum, Inc.","filed_at":"2024-10-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:09.991996+00:00","generated_at":"2026-05-30T15:34:10.607552+00:00","sec_items":["2.04","2.05","5.02","8.01"],"event_type":"other_material","sentiment":"negative","materiality_score":1.0,"calibrated_materiality_score":1.0,"confidence":"high","headline":"Zapata Computing halts operations, terminates staff; CEO resigns; no value for stockholders","bullets":["Board approved cessation of operations; all employees terminated except a few to wind down.","CEO Christopher Savoie resigned effective Oct 7; CFO Sumit Kapur appointed as CEO.","Company owes ~$2.3M in secured notes and additional $2.5M to Sandia; assets insufficient to pay obligations.","Company believes no assets will remain for common stockholders; does not expect to file for bankruptcy.","Trigger event under Forward Purchase Agreement accelerated; company must pay Sandia up to $2.5M."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-114391","json":"https://secwatch.observer/filing/0000950170-24-114391.json","markdown":"https://secwatch.observer/filing/0000950170-24-114391.md","text":"https://secwatch.observer/filing/0000950170-24-114391.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1843714/000095017024114391/0000950170-24-114391-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1843714/000095017024114391/ck0001843714-20241007.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T15:34:10.607552+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"58c9c9bcd6","claim":"Christopher Savoie resigned as Director at Zapata Quantum, Inc..","evidence_excerpt":"On October 7, 2024, Christopher Savoie resigned as President and Chief Executive Officer of the Company, as well as a member of the board of directors of the Company, in each case effective immediately.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1843714/000095017024114391/0000950170-24-114391-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"6732ccb43e","claim":"Christopher Savoie resigned as President and Chief Executive Officer at Zapata Quantum, Inc..","evidence_excerpt":"On October 7, 2024, Christopher Savoie resigned as President and Chief Executive Officer of the Company, as well as a member of the board of directors of the Company, in each case effective immediately.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1843714/000095017024114391/0000950170-24-114391-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"President and Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"7b81dcf499","claim":"Yudong Cao departed as Chief Technology Officer at Zapata Quantum, Inc..","evidence_excerpt":"Effective October 9, 2024, the Company determined that Yudong Cao, the Company’s Chief Technology Officer, will serve in that role until October 16, 2024, following which he will continue to assist the Company on a part-time basis, as needed.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1843714/000095017024114391/0000950170-24-114391-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Role","value":"Chief Technology Officer"}],"fact_type":"executive_change"},{"claim_id":"f62c75e244","claim":"Sumit Kapur was appointed as Chief Executive Officer at Zapata Quantum, Inc..","evidence_excerpt":"The board of directors of the Company has appointed Sumit Kapur, the Company’s Chief Financial Officer, to serve as the Chief Executive Officer and principal executive officer, effective immediately.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1843714/000095017024114391/0000950170-24-114391-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}