{"schema_version":"secwatch.filing_event.v1","accession":"0001553350-25-000061","form_type":"8-K","ticker":"ZPTA","cik":"0001843714","company_name":"Zapata Quantum, Inc.","filed_at":"2025-06-18T23:59:59+00:00","discovered_at":"2026-05-14T18:02:50.098950+00:00","generated_at":"2026-05-19T03:24:44.099131+00:00","sec_items":["1.01","1.02","3.02","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Zapata raises $2.65M via secured notes; converts $10.1M payables to equity","bullets":["Secured convertible notes raise $2.65M (up to $3M), bearing 10% interest, maturing in 1 year, convertible at $0.04/share into 66.25M shares.","Warrants to purchase 33.125M shares at $0.04/exercise price, 5-year term; cashless exercise allowed if registration ineffective.","Used $1.343M of proceeds to repay D-Wave Quantum Inc. note with 15% interest and original $1M principal.","Converted $10.1M of accounts payable into 27.33M shares, part of restructuring targeting up to $17M liabilities for up to 46M shares.","Issued 34M shares to existing lender in exchange for waiver of defaults on its $1M note; intercreditor agreement governs priority."],"urls":{"canonical":"https://secwatch.observer/filing/0001553350-25-000061","json":"https://secwatch.observer/filing/0001553350-25-000061.json","markdown":"https://secwatch.observer/filing/0001553350-25-000061.md","text":"https://secwatch.observer/filing/0001553350-25-000061.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1843714/000155335025000061/0001553350-25-000061-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1843714/000155335025000061/zapata_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-19T03:24:44.099131+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}