<a href="https://laohu8.com/S/ZPTA">Zapata Computing</a> Holdings Inc. Secures $2.65 Million in Convertible Promissory Notes and Warrants Deal
Zapata Computing Holdings Inc. has announced a significant financial transaction involving a Securities Purchase Agreement with accredited investors. On June 12, 2025, the company sold and issued secured convertible promissory notes and warrants to purchase 33,125,000 shares of common stock, raising total gross proceeds of $2,650,000. The proceeds will be used for repayment of certain indebtedness and general corporate purposes. The notes, which mature in one year and bear a 10% annual interest, are convertible into common stock based on a conversion price of $0.04 per share. The warrants, valid for five years, carry an exercise price of $0.04 per share. Additionally, a Consent Agreement was reached with one of the company's secured lenders, leading to the issuance of 34,000,000 shares of common stock to the lender. This transaction is secured by the company's assets and governed by a Security and Intercreditor Agreement.
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