Zapata 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 50 patents. The company was a participant across all technical areas of DARPA’s Quantum Benchmarking (QB) program, which produced methods and tooling for a path to future fault-tolerant quantum computers.
The completion of this first phase is intended to establish a foundation for executing strategic growth initiatives. Zapata Quantum is preparing for the second phase of its plan, which includes becoming current on its SEC filings to regain compliance, seeking to uplist to a national exchange, and continuing to build its core team of scientists and advisors. The company’s platform is relevant to a range of problems, including in cryptography, pharmaceuticals, manufacturing, and defense.
Read the full announcement here.
September 4, 2025
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