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Zapata Quantum Completes First Phase of Strategic Restructure, Establishing Foundation for Growth
Globenewswire·2025-09-03 21:00

Completes 3millionconvertiblebridgefinancingincludinghighqualitystrategicinvestorsaswellasinsiderparticipationPaysdownhalfofoutstandingseniorsecureddebtandconvertsover3 million convertible bridge financing including high quality strategic investors as well as insider participationPays down half of outstanding senior secured debt and converts over 10 million of debt to equitySecures industry-leading quantum computing IP portfolio developed over seven years as a leader in the spaceRebrands as Zapata Quantum to reflect focus on quantum application development growth phase BOSTON, Sept. 03, 2025 (GLOBE NEWSWIRE) -- Zapata Quantum, Inc. (formerly Zapata Computing ...