This filing formalizes the mechanism for potential secondary sales of restricted shares from the 2025 URR issuance. Monitor for subsequent Form 4 filings or trading volume spikes that would indicate actual share sales by these holders, which could create near-term selling pressure. The agreement itself is administrative and has no immediate trading implications.
Price Chart
Executive Summary
Zapata Quantum entered into an exclusive broker-dealer and leak-out management agreement with Chardan Capital Markets to manage potential sales of restricted shares held by certain stockholders under the company's Universal Resale and Registration provisions from 2025. The agreement sets a commission structure of 4% of gross proceeds (reducing to 3% after $200,000 in aggregate commissions) and includes a minimum payment guarantee of $400,000 to Chardan upon termination. This is a routine administrative arrangement that formalizes the mechanics for potential future share sales by existing holders, with no new capital raised or operational impact on the company.
Key Facts
- Zapata Quantum entered into an Exclusive Broker-Dealer and Leak-Out Management Agreement with Chardan Capital Markets LLC on July 30, 2026.
- The agreement governs potential sales of Restricted Shares held by stockholders bound by the Universal Resale and Registration (URR) provisions from 2025.
- Chardan's commission is 4% of gross sale proceeds, reducing to 3% once aggregate commissions reach $200,000.
- Upon termination (other than for Chardan's uncured material breach), Zapata must pay Chardan the excess, if any, of $400,000 over aggregate commissions received.
- The URR was previously filed as Exhibit 10.4 to an 8-K on June 18, 2025.
Financial Impact
No new capital raised. Commission structure: 4% of gross proceeds (3% after $200k aggregate). Minimum payment guarantee of $400,000 to Chardan upon termination.
Risk Factors
- Potential future selling pressure if restricted shareholders begin selling through the Chardan facility.
- The $400,000 minimum payment guarantee represents a fixed cash obligation to Chardan upon termination.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 8 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (ZPTA) — Batch item 1 | 0001683168-26-005982 |
| Document: 0001683168-26-005982-index-headers.html | 0001683168-26-005982 |
| Document: 0001683168-26-005982-index.html | 0001683168-26-005982 |
| Document: 0001683168-26-005982.txt | 0001683168-26-005982 |
| 8-K Filing (ZPTA) — Batch item 5 | 0001683168-26-005982 |
| Document: 0001683168-26-005982-index-headers.html | 0001683168-26-005982 |
| Document: 0001683168-26-005982-index.html | 0001683168-26-005982 |
| Document: 0001683168-26-005982.txt | 0001683168-26-005982 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 7d ago | 8-K | $0.7400 | awaiting T+20 | — | $0.7400 (+0.00%) |
Oct 6, 2026 21d ago | 8-K | $0.5600 | awaiting T+20 | — | $0.7400 (+32.14%) |
Aug 12, 2026 10w ago | 8-K | $0.7800 $0.7400 | ▼ −5.13% | ▼ −3.23% | $0.7400 (−5.13%) |
Aug 11, 2026 11w ago | EFFECT | $0.7500 $0.7800 | ▼ −4.00% | ▼ −5.06% | $0.7400 (+1.33%) |
Aug 5, 2026 11w ago | 8-K | $0.7300 $0.8649 | ▲ +18.48% | ▲ +19.08% | $0.7400 (+1.37%) |
Jul 7, 2026 16w ago | 8-K | $1.05 $0.8800 | ▼ −16.19% | ▼ −19.35% | $0.7400 (−29.52%) |
US Market Status
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