Insider Brief
- Zapata Quantum filed its required Form 10-K and Form 10-Qs, becoming current in SEC reporting and moving from the OTC Expert Market to the OTC Pink Limited Market.
- The status change enables broader trading availability and supports the company’s plan to return to a national exchange such as Nasdaq.
- Zapata highlighted progress in its restructuring, including converting over $10 million in liabilities to equity and advancing applications to upgrade its OTC trading status.
PRESS RELEASE — Zapata Quantum, Inc. (formerly Zapata Computing Holdings, Inc.) (OTC: ZPTA) (“Zapata”, “Zapata Quantum” or the “Company”), a pioneer in quantum computing application and algorithm development, today announced that it has filed its required historical Form 10-K and 10-Qs with the Securities and Exchange Commission (the “SEC”) and is now current in its SEC reporting, representing a further milestone in the Company’s strategic restructuring efforts. As a result, its shares have moved from the OTC Expert Market to the OTC Pink Limited Market, enabling broader trading availability and marking progress toward the Company’s planned return to a national securities exchange, such as Nasdaq.
“From the outset of our restructuring, it was important for Zapata to remain a public company,” said Sumit Kapur, Chief Executive Officer of Zapata Quantum. “We believe that being public, when done efficiently, provides meaningful advantages, including transparency, liquidity, and long-term access to capital.”
Kapur continued, “We also felt strongly that prior shareholders should be able to participate in future upside. We were able to achieve that while retaining and protecting Zapata’s critical intellectual property, which is foundational to quantum software and remains at the core of our strategy.”
Zapata is the only publicly traded, pure-play, hardware-agnostic quantum software company. While multiple public companies provide exposure to quantum hardware or full-stack platforms, Zapata offers public-market exposure to the software layer that is independent of the success of any particular hardware paradigm.
“History has shown that while hardware breakthroughs are essential, enduring value is often created and captured in software. We believe quantum computing will follow a similar trajectory,” said Clark Golestani, Chairman of the Board of Zapata Quantum. “Zapata’s critical IP and demonstrated leadership in both research and enterprise settings position the Company to be a leading beneficiary of the shift from quantum hardware progress to software-driven application value.”
Golestani added, “Public-market investors today have many ways to access quantum hardware. Zapata provides differentiated exposure to quantum software, independent of any single hardware roadmap, which will become increasingly important as the industry matures.”
The Company also noted that its latest Form 10-Q for the period ended September 30, 2025 reflects only a portion of the debt restructuring completed to date. During the fourth quarter, Zapata restructured over $10 million of additional liabilities, the majority of which were converted to equity. These transactions were disclosed in Form 8-Ks filed with the SEC and will be reflected in subsequent periodic filings.
With its SEC reporting now current, Zapata is moving forward with a Form 15c2-11 filing and an application to OTCQB to further upgrade its trading status and improve transparency, liquidity, and investor access. As reflected in its SEC filings, the Company maintains a governance structure consistent with many of the requirements of national securities exchanges such as Nasdaq, where it was previously listed. These standards are more stringent than those required for OTC trading, and continued adherence to these requirements reflects the Company’s commitment to return to a national securities exchange as it continues to rebuild operations and demonstrate technical and commercial progress.
Kapur concluded, “We’re making strong progress and have a well-differentiated strategy that is aligned with the evolution of the quantum computing market. Our focus now is on disciplined execution.”
