Zapata Finalizes Second Phase of Strategic Reorganization

Completion of Phase Two: Zapata Quantum has successfully completed Phase Two of its strategic restructure, which included a $1.25 million capital raise and the restructuring of an additional $8.6 million in debt, totaling $18.7 million addressed.

Debt Restructuring: Over 85% of the Company's legacy unsecured liabilities have been restructured, primarily through conversions to equity, with a significant portion of the debt now managed.

Investment in Growth: The new financing will be used to rebuild the core scientific team and to hire a top-tier financial and accounting advisory firm to expedite SEC compliance.

Future Plans: Zapata Quantum aims to return to a national exchange, such as Nasdaq, where it was previously listed, as part of its growth strategy.