secwatch.observer — SEC 8-K summary
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Issuer:     Zapata Quantum, Inc. (ZPTA)
CIK:        0001843714
Form:       8-K
Filed at:   2026-04-08T23:59:59+00:00
Accession:  0001079973-26-000454
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Zapata Quantum raises $6.7M in Series D convertible preferred and warrant offering
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- Issued 6,685 shares of Series D Convertible Preferred at $1,000 stated value per share for $6.7M gross proceeds.
- Series D convertible to common at $0.4391/share; annual 8% dividend payable in common stock quarterly.
- Warrants to purchase 7.6M shares of common stock at $0.4391/share; 7.5-year term; cashless exercise after 6 months.
- All 15,000 Series A Convertible Preferred shares automatically converted into 15M common shares upon closing.
- Proceeds for working capital and general corporate purposes; total offering capacity up to $15M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1843714/000107997326000454/0001079973-26-000454-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1843714/000107997326000454/zapata_8k.htm
  HTML page:      https://secwatch.observer/filing/0001079973-26-000454

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