Zapata Computing closes $350K second tranche of $3M secured convertible note offering

Zapata Quantum, Inc.

Second closing on June 27, 2025 raised $350,000 gross from secured convertible notes and warrants.
Total offering now $3,000,000 maximum, Notes bear 10% interest, mature in one year.
Conversion price $0.04 per share; automatic conversion upon a $5M+ securities offering.
Warrants for 4,375,000 shares, exercise price $0.04, five-year term, cashless exercise allowed.
Net proceeds used for working capital and general corporate purposes.

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