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- Going Concern (new) — The company's auditor has issued a going concern qualification, and management states substantial doubt about its ability to continue as a going concern.
- Material Weakness (new) — The company discloses material weaknesses in internal control over financial reporting, including lack of segregation of duties and reliance on an outside accounting firm.
- No Revenue Since September 2024 (new) — The company has not generated any revenue since September 2024 and does not expect to generate revenue unless it can raise sufficient capital.
- Secured Debt and Collateral (new) — All company assets are pledged as collateral for secured notes, and default could lead to foreclosure, risking total loss for stockholders.
- Dilution From Outstanding Securities (new) — The company has a large number of shares issuable upon conversion and exercise of outstanding securities, which will substantially dilute current stockholders.
Zapata Quantum files 424B3 for secondary offering of up to 56.8M shares by selling stockholders; company receives no proceeds
Filed August 11, 2026 · ~2 min read
Key Changes
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The offering consists solely of up to 56,816,391 shares sold by existing stockholders; Zapata Quantum receives no proceeds from these sales.
The Offering verify on EDGAR → -
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The company may receive cash only if outstanding warrants are exercised for cash; any such proceeds would be used for general corporate and working capital purposes.
Use of Proceeds verify on EDGAR → -
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Zapata Quantum reported a GAAP net loss of $1.3 million for the three months ended March 31, 2026, and had no revenue in that period.
Management's Discussion and Analysis verify on EDGAR →
3 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Figures/quotes linked to EDGAR · Narrative written by AI · Sep 1, 2026 · How we verify