Zapata Quantum completes $3 million convertible bridge financing including strategic investors and insider participation.
Pays down half of outstanding senior secured debt and converts over $10 million of debt to equity.
Secures industry-leading quantum computing IP portfolio developed over seven years and rebrands as Zapata Quantum to focus on quantum application development growth.
Successful Restructuring Plan
Completed $3 million financing, repaid half of senior secured debt, converted over $10 million of debt to equity, and secured extensive IP portfolio.
Strong Balance Sheet
Financing and debt to equity conversions strengthen balance sheet, preparation for uplisting to a national exchange.
Leadership in Quantum Computing
Pioneer in quantum computing with over 50 patents, leading DARPA's Quantum Benchmarking program, and commercial experience with major customers.
- Zapata Quantum's completion of the restructuring phase marks a significant milestone, setting the stage for strategic growth initiatives.
- The company's strong balance sheet post-financing and debt conversions positions it for technical and commercial progress, including potential uplisting to major exchanges.
Zapata Quantum's focus on quantum computing applications and strategic rebranding reflect its commitment to innovation and market leadership in the quantum space. The successful financing and debt conversions pave the way for future growth and development.