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 Statements of Changes in Shareholders’ Deficit
FOR THE YEAR ENDED DECEMBER 31, 2023 AND 2022
| Class B Ordinary Shares · Additional Paid-in Capital · Accumulated Deficit · Total Shareholders’ Deficit | |||||
|---|---|---|---|---|---|
| Shares · Amount | |||||
| Balance – December 31, 2021 | 5,750,000 | $575 | $24,425 | $(10,861) | $14,139 |
| Sale of 13,550,000 Private Placement Warrants | — | — | 13,550,000 | — | 13,550,000 |
| Proceeds allocated to Public Warrants | — | — | 6,440,000 | — | 6,440,000 |
| Forfeiture of Class B shares by Sponsor for reissuance to Anchor Investor (1) | (1,430,923) | (143) | 143 | — | — |
| Purchase of Class B shares by Anchor Investor including excess fair value over purchase price | 1,430,923 | 143 | 10,408,888 | — | 10,409,031 |
| Value of transaction costs allocated to fair value equity instruments | — | — | (707,430) | — | (707,430) |
| Remeasurement for Class A ordinary shares to redemption amount | — | — | (29,716,026) | (8,973,880) | (38,689,906) |
| Net Income | — | — | — | 1,890,290 | 1,890,290 |
| Balance – December 31, 2022 | 5,750,000 | $575 | $— | $(7,094,451) | $(7,093,876) |
| Proceeds received in excess of fair value of convertible promissory notes | — | — | 823,091 | — | 823,091 |
| Remeasurement for Class A ordinary shares to redemption amount | — | — | (823,091) | (7,333,606) | (8,156,697) |
| Net loss | — | — | — | (862,919) | (862,919) |
| Balance – December 31, 2023 | 5,750,000 | $575 | $— | $(15,290,976) | $(15,290,401) |
| (1) | Excluded an aggregate of up to 750,000 Class B ordinary shares that were subject to forfeiture depending on the extent to which the underwriters’ over-allotment option was exercised (see Note 5). On November 17, 2021, the Sponsor surrendered an aggregate of 1,437,500 Founder Shares for no consideration, thereby reducing the aggregate number of Founder Shares held by the Sponsor to 5,620,000 Founder Shares. All share and per-share amounts have been retroactively restated to reflect the reverse share split on Founder Shares (see Note 5). On January 22, 2022, the underwriters fully exercised their over-allotment option resulting in no forfeiture of Class B ordinary shares. |
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