Zapata Quantum, Inc.
For the period ended Dec 31, 2023. Filed Mar 26, 2024.
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FY2023 · Filed Mar 26, 2024
ZPTA$0.730.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
| Year EndedDecember 31, | Year EndedDecember 31, | |
|---|---|---|
| 2023 | 2022 | |
| Cash Flows from Operating Activities: | ||
| Net (loss) income | $(862,919) | $1,890,290 |
| Adjustments to reconcile net (loss) income to net cash used in operating activities: | ||
| Interest earned on marketable securities held in Trust Account | (8,156,697) | (3,399,736) |
| Change in fair value of Convertible Promissory Note – related party | 599,222 | — |
| Changes in operating assets and liabilities: | ||
| Prepaid expenses and other current assets | 546,579 | (588,834) |
| Prepaid insurance, long-term | 24,469 | (24,469) |
| Accrued expenses | 854,580 | 30,348 |
| Accrued interest payable | 70,918 | — |
| Deferred legal fee payable | 3,880,000 | 160,000 |
| Net cash used in operating activities | (3,043,848) | (1,932,401) |
| Cash Flows from Investing Activities: | ||
| Investment of cash into Trust Account | — | (235,750,000) |
| Cash withdrawn from Trust Account in connection with redemption | 161,041,354 | (235,750,000) |
| Net cash provided by (used in) investing activities | 161,041,354 | (235,750,000) |
| Cash Flows from Financing Activities: | ||
| Proceeds from issuance of Class B ordinary shares to Anchor Investor | — | 6,221 |
| Proceeds from sale of Units, net of underwriting discounts paid | — | 225,400,000 |
| Proceeds from sale of Private Placement Warrants | — | 13,550,000 |
| Proceeds from promissory note – related party | — | 75 |
| Repayment of promissory note – related party | — | (240,629) |
| Proceeds from convertible promissory note - related party | 2,673,952 | |
| Redemption of ordinary shares | (161,041,354) | |
| Payment of offering costs | (85,000) | (417,146) |
| Net cash (used in) provided by financing activities | (158,452,402) | 238,298,521 |
| Net Change in Cash | (454,896) | 616,120 |
| Cash – Beginning of period | 616,120 | — |
| Cash – End of period | $161,224 | $616,120 |
| Non-Cash investing and financing activities: | ||
| Remeasurement of Class A ordinary shares to redemption amount | $8,156,697 | $35,290,170 |
| Proceeds received from convertible promissory notes in excess of initial fair value | $823,091 | $— |
| Offering costs accrued | $— | $85,000 |
| Excess fair value of Founder shares attributable to Anchor Investor | $— | $10,402,810 |
| Accretion for Class A ordinary shares to redemption amount | $— | $3,399,736 |
| Deferred underwriting fee payable | $— | $8,050,000 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.