Zapata Quantum completes first phase of restructure with $3M bridge and debt conversion

Zapata Quantum, Inc.

Raised $3M in secured convertible bridge notes at 10% interest, convertible at $0.04/share with five-year warrants.
Paid down $1.1M of senior secured debt; converted over $10M of debt to equity, strengthening balance sheet.
Secured IP portfolio of 50+ patents; rebranded as Zapata Quantum to reflect quantum application focus.
Expects to regain SEC compliance and become current on filings in Q4 2025; seeks uplist to national exchange.
Insider participation in financing; high-quality institutional investors noted as vote of confidence.

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