Andretti Acquisition Corp. to merge with Zapata Computing; deal value capped at $200M

Zapata Quantum, Inc.

Aggregate consideration to Zapata holders capped at $200M at $10 per share of New Parent Common Stock.
AAC to be renamed Zapata Computing Holdings Inc. and reincorporate in Delaware before closing.
Zapata may issue up to $20M in Senior Notes or raise up to $25M equity prior to closing.
Lock-up periods: common stockholders 1 year (or $12/share trigger); preferred six months with phased sale limits.
Outside date for closing is April 18, 2024, extendable to September 6, 2024 under conditions.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Zapata Quantum, Inc. entered into Business Combination Agreement with Andretti Acquisition Corp., Tigre Merger Sub, Inc., and Zapata Computing, Inc. (effective 2023-09-06).

Action: entry
Agreement: merger
Counterparty: Andretti Acquisition Corp., Tigre Merger Sub, Inc., and Zapata Computing, Inc.
Effective: 2023-09-06

Exact text from the filing

On September 6, 2023, Andretti Acquisition Corp., a Cayman Islands exempted company incorporated with limited liability (“AAC”) entered into a Business Combination Agreement

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Zapata Quantum, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-229092

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