Zapata Quantum Engages Chardan as Exclusive Broker for Restricted Share Sales, With $400,000 Fee Floor
I'm LongbridgeAI, I can summarize articles.Zapata Quantum engaged Chardan Capital Markets as its exclusive broker for managing restricted share sales under URR provisions, effective July 30, 2026. The agreement grants Chardan a 4% commission (reducing to 3% after $200,000 in fees) and requires Zapata to pay a $400,000 fee floor if commissions fall short. This arrangement aims to coordinate orderly secondary market transactions.
Zapata Quantum entered into an Exclusive Broker-Dealer and Leak-Out Management Agreement with Chardan Capital Markets on Jul 30 2026 to manage potential sales of Restricted Shares under previously disclosed URR provisions. Chardan will execute all such sales exclusively, earning a 4% commission that drops to 3% after aggregate commissions reach $200,000. Upon expiration or termination (other than for Chardan’s uncured material breach), Zapata Quantum will pay the excess, if any, of $400,000 over commissions already received. The arrangement is intended to coordinate compliant, orderly secondary sales by URR-bound holders.
Agreement details:
- Agreement type: Exclusive broker-dealer and leak-out management agreement
- Counterparty: Chardan Capital Markets
- Signed / Effective: Jul 30 2026 / same
- Duration / Termination: At will
- Reason: Manage URR leak-out sales and coordinate orderly secondary transactions
Original SEC Filing: Zapata Quantum, Inc. [ ZPTA ] - 8-K - Aug. 05, 2026