Zapata Quantum Issues 9.5 Million Shares in Debt Conversion Deal

Reuters12-11
Zapata <a href="https://laohu8.com/S/QMCO">Quantum</a> Issues 9.5 Million Shares in Debt Conversion Deal

Zapata Quantum Inc. has announced the issuance of 9,479,000 shares of common stock to a creditor as part of a conversion agreement. This transaction was executed in exchange for the cancellation of approximately $3.5 million in net liabilities. The shares were issued as an unregistered sale of equity securities, relying on exemptions under Section 4(a)(2) of the Securities Act of 1933 and Rule 506(b). As part of the agreement, the creditor is subject to certain lock-up provisions and has been granted registration rights for the newly issued shares.

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