Zapata Quantum issues 9.48M shares to settle $3.5M net debt with creditor

Zapata Quantum, Inc.

Issued 9,479,000 common shares to a creditor on Dec 5, 2025 in exchange for cancellation of $3,503,250 net liabilities.
Gross accounts payable/liabilities canceled: $5.5M; offset by $2.0M accounts receivable/assets.
Conversion and registration terms were previously disclosed in the June 18, 2025 8-K; no new terms added.
Shares issued under Section 4(a)(2) and Rule 506(b) exemption from registration.

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