Zapata Quantum restructures $3.17M creditor debt into contingent obligations, raises $500K via Series A preferred

Zapata Quantum, Inc.

Overdue invoices of $3,166,926.75; $1,583,463.38 extinguished in exchange for contingent obligations.
Remaining $1,583,463.38 subject to forbearance with 0.8% monthly late charge; forbearance terminates on specified events.
Contingent obligations: $791,731.69 each due upon capital raises exceeding $45M and $55M.
Company sold 5,000 shares of Series A Convertible Preferred at $100/share for $500,000 to accredited investors.
Series A convertible into 1,000 common shares per preferred share; senior to common on liquidation.

Key facts

Extracted from this filing and checked against the source text.

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

Zapata Quantum, Inc.: Filed Certificate of Designations for Series A Preferred Stock, designating up to 15,000 shares with conversion and voting rights and liquidation preference over common stock and other preferred series (effective 2025-10-23).

Change: charter amendment
Effective: 2025-10-23

Exact text from the filing

On October 23, 2025, the Company filed the Certificate of Designations of Preferences, Rights and Limitations (the “Certificate of Designations”) of the Series A with the Delaware Secretary of State designating and authorizing the issuance of up to 15,000 shares of Series A.

View on SEC.gov

261 governance changes filed in the last 30 days. Browse all governance changes →

Zapata Quantum, Inc. filing history →

Source: SEC EDGAR

accession 0001079973-25-001650

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.