Zapata Inc. (ZPTA) grants Chardan exclusive role on restricted share sales
Rhea-AI Filing Summary
Zapata Quantum, Inc. entered into an Exclusive Broker-Dealer and Leak-Out Management Agreement with Chardan Capital Markets LLC to manage potential sales of certain restricted common shares held by stockholders subject to prior Universal Resale and Registration provisions.
Chardan will act as exclusive broker for these sales, earning a 4% commission on gross proceeds until its aggregate commissions reach $200,000, after which the rate drops to 3%. Upon expiration or termination other than for Chardan’s uncured material breach, Zapata must pay an amount so that Chardan receives at least $400,000 in total compensation under the agreement.
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8-K Event Classification
Item 1.01 — Entry into a Material Definitive Agreement
1 item
Item 1.01
Entry into a Material Definitive Agreement
Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Key Figures
Initial commission rate: 4% of gross sale proceeds
Commission threshold: $200,000
Reduced commission rate: 3% of gross sale proceeds
+1 more
4 metrics
Initial commission rate
4% of gross sale proceeds
Commission on Restricted Share sales until aggregate commissions reach $200,000
Commission threshold
$200,000
Aggregate commissions at which the rate drops from 4% to 3%
Reduced commission rate
3% of gross sale proceeds
Commission rate for Restricted Share sales after $200,000 in aggregate commissions
Minimum total compensation
$400,000
Total compensation Chardan is ensured on expiration or certain terminations of the agreement
Key Terms
Exclusive Broker-Dealer and Leak-Out Management Agreement, Universal Resale and Registration provisions, Restricted Shares, emerging growth company, +1 more
5 terms
Exclusive Broker-Dealer and Leak-Out Management Agreement financial
"entered into an Exclusive Broker-Dealer and Leak-Out Management Agreement"
Universal Resale and Registration provisions regulatory
"stockholders who are bound by the Universal Resale and Registration provisions"
emerging growth company regulatory
"Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
OTCQB financial
"Common Stock | | ZPTA | | OTCQB"
OTCQB is a tier of the over‑the‑counter (OTC) market where smaller or developing companies list their shares for trading without being on a major stock exchange. Think of it like a well‑kept side street market: companies must meet basic reporting and transparency checks so investors get more information than the lowest OTC tier, but trading is usually less liquid and riskier than on big exchanges. Investors care because OTCQB listings can offer early access to growth stories but come with higher price swings and greater chance of limited resale options.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What agreement did Zapata Quantum, Inc. (ZPTA) enter into on July 30, 2026?
Zapata Quantum, Inc. entered into an Exclusive Broker-Dealer and Leak-Out Management Agreement with Chardan Capital Markets LLC. The deal covers managed sales of restricted common shares held by stockholders subject to prior Universal Resale and Registration provisions.
How is Chardan compensated under Zapata Quantum (ZPTA)'s new broker-dealer agreement?
Chardan earns a 4% commission on gross proceeds from restricted share sales until its aggregate commissions reach $200,000. After that threshold, the commission rate on subsequent sales automatically decreases to 3% of gross sale proceeds, subject to each applicable seller’s approval.
What minimum total compensation is guaranteed to Chardan in the Zapata Quantum (ZPTA) agreement?
Upon expiration or termination not resulting from Chardan’s uncured material breach, Zapata must ensure Chardan receives at least $400,000 in total compensation. The company pays any excess of $400,000 over aggregate commissions earned before termination.