Zapata AI to Restructure as Zapata Quantum?

Sumit Kapur from Zapata Quantum Inc. completed the first phase of the company’s strategic restructuring, securing $3 million in convertible bridge financing that achieved a 10% annual interest rate and a conversion price of $0.04 per share. The proceeds were deployed to repay $1.1 million of senior secured debt and to convert more than $10 million of outstanding debt into equity, thereby materially reducing the balance sheet’s leverage. The transaction preserves Zapata Quantum’s core intellectual property, comprising over 50 patents developed over seven years in partnership with Harvard’s Quantum Computing Lab and the U.S. Defence Advanced Research Projects Agency (DARPA) Quantum Benchmarking programme.

On 3 September 2025, Boston‑based Zapata Quantum, Inc., formerly Zapata Computing Holdings, announced a $3 million convertible bridge financing. The notes mature in twelve months, carry a 10 % annual interest rate, and convert to common stock at $0.04 per share. Holders also receive five‑year warrants at the same price, aligning long‑term investor incentives with the company’s equity upside. The proceeds were used to repay $1.1 million of senior secured debt and to convert more than $10 million of outstanding debt into equity, thereby materially deleveraging the balance sheet and improving liquidity ahead of a planned Nasdaq uplisting and full SEC compliance by the end of 2025.

Sumit Kapur, Chief Executive Officer, said the restructuring establishes a solid foundation for growth, strengthens the balance sheet, safeguards the IP portfolio, and aligns stakeholders as the company moves into a growth-ready stage.

Strategic Restructuring Protects 50 Patents Developed with Harvard and DARPA

The restructuring aligns strategic investors and insiders, converting debt into equity and preserving capital for growth. By reducing leverage, the company protects its more than 50 patents jointly created over seven years with Harvard’s Quantum Computing Lab and the U.S. Defence Advanced Research Projects Agency (DARPA).

These patents underpin Zapata’s exclusive participation in DARPA’s Quantum Benchmarking programme, which evaluates quantum hardware and software across multiple metrics. Safeguarding the IP is essential for maintaining the company’s unique position in the benchmarking ecosystem.

CEO Sumit Kapur Signals Growth‑Ready Stage Ahead of Nasdaq Uplisting and SEC Compliance

Kapur highlighted that the first phase of the restructuring has established a leaner balance sheet and a more straightforward path toward a Nasdaq uplisting. The second phase will focus on rebuilding operations, expanding the core team of scientists and advisors, and pursuing full SEC compliance by Q4 2025, a prerequisite for the anticipated listing. With the improved capital structure, Zapata aims to leverage its exclusive DARPA benchmarking standing to secure new commercial partnerships and accelerate the deployment of its hardware-agnostic quantum-software solutions across sectors such as cryptography, pharmaceuticals, manufacturing, materials discovery, and defence.

Quantum Software Platform Targets Cryptography, Pharmaceuticals, Manufacturing, Materials Discovery and Defence Markets

Zapata’s hardware‑agnostic stack translates the power of emerging quantum processors into solutions for demanding computational challenges. It can run on superconducting qubits, trapped‑ion systems and other architectures without bespoke code. The platform addresses high-impact problems across five key sectors: cryptography (probing public-key scheme security), pharmaceuticals (accelerating molecular exploration), manufacturing (optimising supply-chain logistics and predictive maintenance), materials discovery (quantum-enhanced electronic-structure simulations), and defence (rapid scenario modelling and secure communications). Commercial traction includes high-profile clients such as BP, BASF, and BBVA, demonstrating tangible value in the energy, chemical manufacturing, and financial services sectors. The company’s IP portfolio, which exceeds 50 patents covering algorithmic frameworks, error-mitigation techniques, and hybrid-classical-quantum workflows, validates its technology and ensures benchmarking against stringent industry standards.

By combining a versatile architecture, sector-specific optimisation, and a defensible patent base, Zapata is positioned to deliver quantum-enabled outcomes and scale its capability through a Nasdaq uplisting and continued expansion of its scientific team.