Zapata Computing Holdings Amends Capital Structure
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Zapata Computing Holdings has amended its capital structure by entering into Securities Purchase Agreements to sell 7,000 shares of Series A Convertible Preferred Stock for $700,000. Additionally, the company increased the authorized shares of Series C Convertible Preferred Stock from 15,000 to 23,000. Despite some revenue growth, the company faces significant financial challenges, including negative profitability and cash flow issues, leading to a low stock score and an upcoming Nasdaq delisting.
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