secwatch.observer — SEC 8-K summary
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Issuer:     Zapata Quantum, Inc. (ZPTA)
CIK:        0001843714
Form:       8-K
Filed at:   2025-07-24T23:59:59+00:00
Accession:  0001079973-25-001182
Event type: debt
Sentiment:  negative
Materiality: 0.70
Item codes: 3.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1843714/000107997325001182/0001079973-25-001182-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1843714/000107997325001182/zapata_8k.htm
  HTML page:      https://secwatch.observer/filing/0001079973-25-001182

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer