Zapata Computing Restructures Debt with Forbearance Agreement
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Zapata Computing Holdings has entered a Forbearance Agreement to restructure $1.58 million in debt and raised $500,000 through Series A Convertible Preferred Stock. Despite revenue growth, the company faces significant financial challenges, including negative profitability and cash flow issues, leading to a low stock score. The current market cap is $8.93 million, with an average trading volume of 129,405. Spark's AI Analyst rates ZPTA as Underperform, highlighting risks of Nasdaq delisting.
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