Traders should anticipate significant near-term dilution from this offering. The Series D's conversion features and liquidation preferences create downside protection for new investors at the expense of existing common shareholders. Monitor for future filings on the actual amount raised and investor composition.
Price Chart
Executive Summary
Zapata Quantum is raising up to $15 million through an unregistered private placement of Series D Convertible Preferred Stock and accompanying warrants. The offering includes significant investor protections, conversion rights, and anti-dilution provisions, but introduces substantial near-term dilution to existing shareholders.
Key Financial Metrics
Key Facts
- Zapata Quantum is conducting a private placement of Series D Convertible Preferred Stock and warrants, with a maximum offering size of $15 million.
- The offering is structured to close in tranches, with a minimum threshold of $5 million required for the initial closing.
- The Series D Preferred Stock has a conversion price set at 85% of a benchmark price, providing investors with a discount to market.
- The company amended its bylaws to create the Series D Preferred Stock, which has seniority over common stock in liquidation events.
- The offering includes warrants to purchase common stock, increasing the total potential dilution from this transaction.
Financial Impact
Up to $15 million in new capital, with significant dilution from both preferred stock conversion and warrant exercises. The Series D has a liquidation preference of 110% of stated value.
Risk Factors
- Substantial dilution to existing shareholders from both the preferred stock conversion and warrant exercises
- The Series D's 8% dividend and 110% liquidation preference create preferential treatment over common stock
- The conversion price discount (85% of benchmark) is highly dilutive to existing shareholders
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001079973-26-000454 |
| Exhibit: ex10x2.htm | 0001079973-26-000454 |
| Exhibit: ex3x1.htm | 0001079973-26-000454 |
| Exhibit: ex4x1.htm | 0001079973-26-000454 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 5, 2026 20w ago | S-1 | $0.2200 | awaiting T+5 | — | — |
May 7, 2026 24w ago | 3/A | — | awaiting T+5 | — | — |
Apr 24, 2026 26w ago | 8-K | $0.1550 $0.2000 | ▲ +29.03% | ▲ +27.92% | — |
Apr 24, 2026 26w ago | 8-K | $0.1550 $0.2000 | ▼ −29.03% | ▼ −27.92% | — |
Apr 15, 2026 27w ago | 8-K | — | awaiting T+5 | — | — |
Apr 8, 2026 28w ago | 8-K | — | awaiting T+5 | — | — |
US Market Status
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