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Zapata Computing Holdings Inc. (ZPTA)
| Previous Close | 0.0790 |
| Open | 0.0837 |
| Bid | 0.0000 x 0 |
| Ask | 0.0000 x 0 |
| Day's Range | 0.0790 - 0.0790 |
| 52 Week Range | 0.0100 - 15.5000 |
| Volume | |
| Avg. Volume | 16,808,410 |
| Market Cap | 3.203M |
| Beta (5Y Monthly) | 0.27 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -1.0200 |
| Earnings Date | Aug 14, 2024 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 1.75 |
TipRanksZapata Computing Halts Operations and Dismisses Workforce
Zapata Computing Holdings ( (ZPTA) ) just unveiled an announcement. In a significant move, the board of directors of a company has decided to halt operations and dismiss the majority of its workforce, including the Chief Financial Officer, as of October 9, 2024. This decision comes amidst financial turmoil, with the company unable to meet its outstanding debt obligations of approximately $2.3 million and other creditor amounts, as its assets fall short of covering these debts. Consequently, no a
TipRanksZapata AI to cease operations, terminates all employees
In a regulatory filing, Zapata AI disclosed that on October 7, the board of the company approved the termination of all of the company’s employees, except for a small number of employees to be retained for a short period to administer termination of business activities, including Sumit Kapur, the company’s CFO. All such employees were terminated effective October 9. Such actions took place in connection with a planned cessation of the company’s operations. The company cannot currently estimate t
