Zapata Quantum, Inc.
For the period ended Dec 31, 2023. Filed Mar 26, 2024.
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FY2023 · Filed Mar 26, 2024
ZPTA$1.03-1.9%Stored close · as of Jul 8, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
| December 31, 2023 | December 31, 2022 | |
|---|---|---|
| ASSETS | ||
| Current assets | ||
| Cash | $161,224 | $616,120 |
| Prepaid expenses and other current assets | 44,304 | 590,883 |
| Total Current Assets | 205,528 | 1,207,003 |
| Prepaid insurance, long-term | — | 24,469 |
| Marketable securities held in Trust Account | 86,265,079 | 239,149,736 |
| TOTAL ASSETS | $86,470,607 | $240,381,208 |
| LIABILITIES AND SHAREHOLDERS’ DEFICIT | ||
| Current liabilities | ||
| Accounts payable and accrued expenses | $884,928 | $30,348 |
| Accrued interest payable – related party | 70,918 | — |
| Accrued offering costs | — | 85,000 |
| Total Current Liabilities | 955,846 | 115,348 |
| Convertible note - related party | 2,450,083 | — |
| Deferred legal fee | 4,040,000 | 160,000 |
| Deferred underwriting fee payable | 8,050,000 | 8,050,000 |
| Total Liabilities | 15,495,929 | 8,325,348 |
| Commitments and Contingencies (see Note 6) | ||
| Class A ordinary shares subject to possible redemption; $0.0001 par value; 7,894,801 and 23,000,000 shares issued and outstanding at redemption value of $10.93 and $10.40 per share as of December 31, 2023 and 2022, respectively | 86,265,079 | 239,149,736 |
| Shareholders’ Deficit | ||
| Preference shares, $0.0001 par value; 5,000,000 shares authorized; none issued and outstanding | — | — |
| Class A ordinary shares, $0.0001 par value; 500,000,000 shares authorized; no shares issued and outstanding (excluding 7,894,801 and 23,000,000 shares subject to possible redemption) as of December 31, 2023 and 2022, respectively | — | — |
| Class B ordinary shares, $0.0001 par value; 50,000,000 shares authorized; 5,750,000 shares issued and outstanding as of December 31, 2023 and 2022 | 575 | 575 |
| Additional paid-in capital | — | — |
| Accumulated deficit | (15,290,976) | (7,094,451) |
| Total Shareholders’ Deficit | (15,290,401) | (7,093,876) |
| TOTAL LIABILITIES AND SHAREHOLDERS’ DEFICIT | $86,470,607 | $240,381,208 |
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