Zapata Quantum, Inc.

Zapata Quantum, Inc. (ZPTA) has filed an S-1 registration statement detailing the potential sale of over 56 million shares of Common Stock by selling stockholders. The company has temporarily suspended operations due to capital constraints and is actively engaged in debt restructuring and capital raising efforts. Significant outstanding debt includes $4.0 million in secured notes, with convertible features and warrants attached, and a history of operating losses raises substantial doubt about its ability to continue as a going concern. The company's assets are pledged, and a default could result in foreclosure.

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.

Zapata Quantum, Inc. announced the completion of an oversubscribed $15 million strategic financing round on April 23, 2026. The funding was led by Triatomic Capital with participation from other strategic investors. This capital raise concludes a successful year-long restructuring effort and is intended to accelerate the company's growth by scaling its platform and team in quantum computing application and algorithm development.

Zapata Quantum, Inc. completed an unregistered offering on April 22 and 23, 2026, selling 4,565 shares of Series D Convertible Preferred Stock and Warrants to purchase 5,198,133 shares of common stock. The offering generated gross proceeds of $4,565,000, which the company intends to use for working capital and general corporate purposes. This sale concluded the offering, reaching its maximum target of $15,000,000.

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.