secwatch.observer — SEC 8-K summary
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Issuer:     Zapata Quantum, Inc. (ZPTA)
CIK:        0001843714
Form:       8-K
Filed at:   2024-07-12T23:59:59+00:00
Accession:  0001193125-24-178572
Event type: regulatory
Sentiment:  negative
Materiality: 0.70
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Zapata receives Nasdaq deficiency notice for bid price below $1.00
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- Received Nasdaq notice on July 8, 2024 for non-compliance with minimum $1.00 bid price.
- Has 180 calendar days, until January 6, 2025, to regain compliance by closing at $1.00+ for 10 consecutive business days.
- May seek additional 180-day cure period if eligible, possibly via reverse stock split.
- Common stock and warrants continue trading on Nasdaq under ZPTA and ZPTAW.
- Company evaluating options but cannot assure compliance will be regained.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1843714/000119312524178572/0001193125-24-178572-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1843714/000119312524178572/d863967d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-178572

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer