other_material
confidence high
sentiment negative
materiality 0.75
Zapata Computing replaces Deloitte with Weinberg after going concern and control weaknesses
Zapata Quantum, Inc.
- Deloitte terminated as auditor Oct 30, 2024; Weinberg appointed as independent auditor July 17, 2025.
- Deloitte's FY2023 and FY2022 reports included a going concern explanatory paragraph due to recurring losses and capital deficiency.
- Material weaknesses existed: insufficient accounting staff, lack of risk assessment, inadequate controls, poor documentation.
- No disagreements on accounting principles; change was company-initiated.
- Deloitte letter confirming agreement with disclosures filed as Exhibit 16.1.
item 4.01item 9.01