Corporate ActionMay 15, 2026, 08:38 AM
Zapata Quantum Raises $15M in Series D Preferred Stock Offering
AI Summary
Zapata Quantum, Inc. reported a net loss of $1.31 million for the three months ended March 31, 2026, an increase from $0.77 million in the prior year, with cash used in operations totaling $0.999 million. The company's cash balance stood at $0.642 million as of March 31, 2026, and it had a stockholders' deficit of $9.357 million. Subsequent to the quarter, in April 2026, the company successfully raised $15 million in gross proceeds through the sale of Series D preferred stock and warrants, which management expects will fund operations for at least the next twelve months.
Key Highlights
- Raised $15 million gross proceeds from Series D preferred stock and warrants in April 2026.
- Net loss increased to $1.31 million for Q1 2026 from $0.77 million in Q1 2025.
- Cash used in operating activities was $0.999 million for Q1 2026.
- Cash balance at March 31, 2026, was $0.642 million, down from $1.659 million.
- Total stockholders' deficit increased to $9.357 million as of March 31, 2026.
- Operating expenses rose to $1.197 million in Q1 2026 from $0.680 million in Q1 2025.
- Issued 15 million common shares in April 2026 from Series A preferred stock conversion.
Price Impact
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