secwatch.observer — SEC 8-K summary
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Issuer:     Zapata Quantum, Inc. (ZPTA)
CIK:        0001843714
Form:       8-K
Filed at:   2025-07-03T23:59:59+00:00
Accession:  0001079973-25-001107
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1843714/000107997325001107/0001079973-25-001107-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1843714/000107997325001107/zapata_8k.htm
  HTML page:      https://secwatch.observer/filing/0001079973-25-001107

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