Core Insights - Zapata Quantum, Inc. has appointed William Klitgaard as a Board member and Chair of the Audit Committee, and Clark Golestani as Chairman of the Board, enhancing its leadership team during a critical phase of its strategic restructuring [1][2][3] Group 1: Leadership Appointments - William Klitgaard's extensive financial leadership experience will guide the company through its remaining SEC compliance work, expected to be completed in Q4 2025, which is crucial for uplisting on a national exchange [4] - Clark Golestani, with over three decades of operational expertise, will support initiatives to advance the company's operations and accelerate progress in quantum software [6][7] Group 2: Strategic Restructuring - The company has successfully raised over $4 million in new capital and restructured $18.7 million of its legacy unsecured liabilities, which constitutes over 85% of its total liabilities as of year-end 2024 [2] - The restructuring efforts have preserved the company's extensive intellectual property portfolio and key strategic assets, positioning it for future growth [2][3] Group 3: Market Position and Future Outlook - Zapata Quantum is recognized as the only pure-play, publicly traded quantum software company, with a strong portfolio of over 60 patents, providing a strategic advantage in the quantum computing market [5][9] - The company aims to leverage its hardware-agnostic software platform to transition from research to real-world applications, targeting sectors such as cryptography, pharmaceuticals, finance, and defense [9]

TEL AVIV, Israel, May 12, 2025 (GLOBE NEWSWIRE) -- Classiq today announced raising $110 million in Series C funding, the largest ever for a quantum software company. The round was led by Entrée Capital, with participation from Norwest, NightDragon, funds managed by Hamilton Lane (Nasdaq: HLNE), Clal, Neva SGR, Phoenix, Team8, IN Venture, Wing, HSBC, Samsung Next and QBeat, as well as other new and existing investors. This investment brings Classiq's total funding to $173 million, positioning the company to ...