Zapata completes phase two of strategic restructure

Zapata Quantum announced the completion of Phase Two of its strategic restructure, marking another major milestone in establishing the Company’s foundation for sustained growth. Phase Two included a $1.25 million capital raise at an over 3x step-up in effective price per share from the most recent financing round, as well as the restructuring of an additional $8.6 million in debt bringing total debt restructured to $18.7 million. In Phase Two, the Company restructured an additional $8.6 million of debt. Altogether, the Company has now addressed $18.7 million of debt or over 85% of its legacy unsecured liabilities at year-end 2024, with well over 80% of the restructuring accomplished through conversions to equity. Zapata is utilizing the new financing to accelerate both the rebuilding of its core scientific team as well as to retain a top-tier financial and accounting advisory firm to expedite its path to full SEC compliance, which the Company expects to achieve within the current quarter. Going forward, the Company also plans to pursue a return to a national exchange, such as Nasdaq, where it was previously listed.