Zapata Quantum Completes First Phase of Strategic Restructure
Mohamed Abdel-Kareem2025-09-04T04:26:37-07:00Zapata Quantum, Inc. (formerly Zapata Computing Holdings, Inc.) has announced the completion of the first phase of its strategic restructuring plan. This includes the completion of a $3 million senior secured convertible bridge financing with institutional investors and insiders. The company has also rebranded to Zapata Quantum to reflect its focus on quantum application development. As part of the restructuring, the company repaid $1.1 million of outstanding senior secured debt and converted over $10 million of debt into equity. These actions are intended to strengthen the company’s balance sheet. Zapata Quantum has also secured its intellectual property portfolio of more than [...]