Zapata Pitch Deck to go SPAC at $331 Million Valuation
Company Background:
Zapata AI, a Boston-based generative AI and quantum computing company,
leverages cutting-edge technology to tackle intricate business challenges.
They achieve this through a combination of:
Public Listing and Stock Performance:
- SPAC Merger: In February 2024, Zapata went public through a merger with Andretti Acquisition Corp., a special purpose acquisition company (SPAC) led by former IndyCar driver Michael Andretti.
- Initial Valuation: The deal valued Zapata at $331 million at $10 per share.
- Stock Price Decline: Shares dropped significantly on the first trading day (April 2024), closing at $5.70, representing a 58% decrease.
- Market Cap Reduction: This decline reflects a broader trend in SPAC stocks, with Zapata experiencing a near 90% market cap reduction within a month.
Business Model & Funding Summary:
- Industry: AI
- Business model: B2B, SaaS
- Year: 2024
- Amount raised: $331M
- Stage: SPAC
Pitch Deck Used:
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