Andretti Acquisition announced that, following completion of its business combination with Zapata Computing, the combined entity is expected to list on the Nasdaq, with stock and warrants trading under ticker symbols ZPTA and ZPTAW.
Andretti shareholders approved the deal more than a month ago. However, the SPAC saw total redemptions of about 99% since its IPO two years ago.
Zapata AI empowers industrial-scale enterprises to leverage large language models and numerical generative models “better, faster, and more efficiently—delivering solutions to drive growth, savings and unprecedented insight,” the company said. Zapata AI was founded in 2017 and is headquartered in Boston.
Two key members of the SPAC’s team are racing legends Mario and Michael Andretti. Read more.
