Zapata Quantum Restructures $10M+ Debt, Converts to Equity
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Zapata Quantum, Inc., a pioneer in quantum computing application and algorithm development, has achieved current status in its Securities and Exchange Commission (SEC) reporting as of December 15, 2025. This milestone follows strategic restructuring efforts by the company, previously listed on Nasdaq, and enables broader trading availability through a move from the OTC Expert Market to the OTC Pink Limited Market. Zapata is uniquely positioned as the only publicly traded, pure-play, hardware-agnostic quantum software company, offering investors exposure to the software layer critical for capturing value independent of specific hardware advancements. The company restructured over $10 million in liabilities, largely converting them to equity. SEC Reporting Status and Trading Availability Zapata Quantum has achieved current status in its SEC reporting requirements, filing the necessary Form 10-K and 10-Qs as of December 15, 2025. This accomplishment has resulted in a move from the OTC Expert Market to the OTC Pink Limited Market, broadening trading availability for its shares (OTC: ZPTA). The company intends to file a Form 15c2-11 and apply to the OTCQB to further upgrade its trading status, ultimately aiming for a return to a national securities exchange like Nasdaq. The company completed a debt restructuring, converting over $10 million of liabilities to equity, with details disclosed in Form 8-Ks filed with the SEC. Zapata maintains a governance structure aligned with national securities exchange requirements, demonstrating a commitment to higher standards even during OTC trading. This proactive approach is intended to facilitate a future return to a national exchange, reflecting a focus on transparency and investor access as it rebuilds operations. Zapata Quantum distinguishes itself as the only publicly traded, pure-play, hardware-agnostic quantum software company. The company believes lasting value in quantum computing will be found in software, similar to historical trends in other technologies. With a portfolio of over 60 granted and pending patents developed over seven years, Zapata focuses on delivering quantum software solutions for applications in cryptography, finance, and materials discovery, among others. Company Restructuring and Debt Conversion Zapata Quantum has completed a strategic restructuring and is now current in its SEC reporting, moving its shares to the OTC Pink Limited Market. This enables broader trading availability as the company pursues a return to a national securities exchange like Nasdaq. The restructuring included converting over $10 million in liabilities to equity, details of which were disclosed in Form 8-Ks filed with the SEC and will be reflected in future filings. This progress demonstrates a commitment to transparency and improved investor access. The company’s restructuring efforts are aimed at solidifying its position as a unique publicly traded, pure-play quantum software company. Unlike others in the field, Zapata focuses solely on software, independent of specific hardware development. This strategy is based on the belief that, as with other technological advancements, enduring value in quantum computing will ultimately be captured in the software layer. Zapata is now pursuing a Form 15c2-11 filing and an application to OTCQB to further upgrade its trading status. The company already maintains a governance structure aligned with the requirements of national securities exchanges, demonstrating its commitment to meeting higher standards of transparency and rebuilding operations. This proactive approach supports the goal of returning to a national exchange and delivering value to shareholders. 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.Clark Golestani, Chairman of the Board of Zapata Quantum Zapata’s Position in Quantum Software Zapata Quantum positions itself as unique within the quantum computing landscape as the only publicly traded, “pure-play, hardware-agnostic quantum software company.” Unlike other public companies focused on building the physical quantum hardware or full-stack systems, Zapata concentrates solely on the software layer. This strategy aims to capture value from the software advancements expected to follow hardware breakthroughs, mirroring historical trends in other computing fields. The company believes this focus will be increasingly important as the quantum industry matures. Zapata’s intellectual property is central to its strategy, with a portfolio of over 60 granted and pending patents developed over seven years. This IP supports applications across diverse fields, including cryptography, pharmaceuticals, finance, and materials discovery. Notably, Zapata participated in all technical areas of DARPA’s Quantum Benchmarking program and has worked with both Fortune 500 companies and government agencies, demonstrating its leadership and experience in the field of quantum software development. The company is actively working to upgrade its trading status, moving from the OTC Expert Market to the OTC Pink Limited Market following SEC filing compliance. Zapata intends to file for OTCQB listing and ultimately return to a national securities exchange like Nasdaq. It maintains a governance structure already aligned with national exchange requirements, reflecting a commitment to transparency, liquidity, and investor access as it rebuilds operations and demonstrates technical and commercial progress. Future Goals and Market Strategy Zapata Quantum is strategically focused on becoming a leading, pure-play provider of quantum software, independent of specific hardware advancements. The company believes enduring value in quantum computing, as with other technologies, will be created in the software layer. This focus is supported by a portfolio of over 60 granted and pending patents developed over seven years, and participation across all technical areas of DARPA’s Quantum Benchmarking program. Currently trading on the OTC Pink Limited Market, Zapata is working to upgrade its trading status by filing a Form 15c2-11 and applying to the OTCQB. This move aims to improve transparency, liquidity, and investor access, as the company maintains a governance structure already aligned with the requirements of national securities exchanges like Nasdaq, where it previously listed. Zapata’s long-term goal is a return to a national exchange. Recent financial restructuring included converting over $10 million of liabilities to equity, as disclosed in SEC filings. This, alongside achieving current SEC reporting status, supports Zapata’s commitment to disciplined execution and rebuilding operations. The company highlights its differentiated strategy within the quantum computing market, positioning it to benefit from a shift toward software-driven application value. Source: https://zapataquantum.com/ Tags: