Zapata Computing issues convertible preferred to settle $4.43M in liabilities

Zapata Quantum, Inc.

Authorized 13,000 shares of Series C Convertible Preferred; each convertible into 1,000 common shares.
Issued 11,983 Series C shares to two creditors in exchange for $4,428,542 of accounts payable and liabilities.
Series C ranks pari passu with common on liquidation; voting on as-converted basis subject to beneficial ownership limits.
Issuance exempt from registration under Section 4(a)(2) and Regulation D.

Key facts

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Zapata Quantum, Inc.: Filed Certificate of Designations for Series C Convertible Preferred Stock (effective 2025-07-18).

Change: charter amendment
Effective: 2025-07-18

Exact text from the filing

On July 18, 2025, Zapata Computing Holdings, Inc. (the “Company”) filed the Certificate of Designations of Preferences, Rights and Limitations (the “Certificate of Designations”) of the Series C Convertible Preferred Stock of the Company (the “Series C”) with the Delaware Secretary of State designating and authorizing the issuance of up to 13,000 shares of Series C.

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Zapata Quantum, Inc. filing history →

Source: SEC EDGAR

accession 0001079973-25-001182

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