Zapata Quantum Enters Broker-Dealer Agreement for Restricted Shares
Zapata Quantum, Inc. has entered into an Exclusive Broker-Dealer and Leak-Out Management Agreement with Chardan Capital Markets LLC. This agreement appoints Chardan as the exclusive broker-dealer to manage the potential sales of Restricted Shares held by certain stockholders, which are subject to previously disclosed Universal Resale and Registration provisions. The agreement outlines a commission structure, starting at 4% of gross sale proceeds and reducing to 3% after $200,000 in aggregate commissions, and includes a provision for a minimum payment to the broker-dealer upon termination.
Key Highlights
- Zapata Quantum entered an Exclusive Broker-Dealer and Leak-Out Management Agreement with Chardan Capital Markets LLC on July 30, 2026.
- Chardan Capital Markets will act as the exclusive broker-dealer for sales of certain Restricted Shares.
- Restricted Shares are held by stockholders bound by Universal Resale and Registration provisions from 2025.
- Initial commission for sales is 4% of gross proceeds.
- Commission rate reduces to 3% once aggregate commissions reach $200,000.
- Company to pay Chardan the excess of $400,000 over aggregate commissions if agreement terminates early.
Price Impact
More from ZPTA
Zapata Quantum Presents Investor Update on Quantum Software
Zapata Quantum Registers 56.8M Shares for Resale; Details Recent Financings
Zapata Quantum CEO to Present at Investor Conference, Highlight NVIDIA & Research