StockWatch
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Services-Prepackaged Software
Corporate ActionApr 15, 2026, 04:41 PM

Zapata Quantum Raises $3.75M in Unregistered Equity Offering

AI Summary

Zapata Quantum, Inc. completed a portion of its unregistered equity offering on April 9 and 14, 2026. The company sold 3,750 shares of Series D Convertible Preferred Stock and warrants to purchase 4,270,098 shares of common stock, raising gross proceeds of $3,750,000. These funds are intended for working capital and general corporate purposes. This transaction is part of a broader offering to raise up to $15,000,000 through the sale of up to 15,000 Series D shares and associated warrants.

Key Highlights

  • Sold 3,750 shares of Series D Convertible Preferred Stock.
  • Issued warrants to purchase 4,270,098 common stock shares.
  • Generated gross proceeds of $3,750,000 from the offering.
  • Part of a larger offering aiming for up to $15,000,000.
  • Placement agents received a 6% cash fee and 2% warrants.