Zapata Computing (NASDAQ:ZPTA) stock is a hot topic among traders on Monday as the software company’s shares start trading today.
Let’s go over everything traders need to know about Zapata Computing after its public debut!
ZPTA Stock Details
- Zapata Computing went public on Monday after completing its special purpose business acquisition (SPAC) merger with Andretti Acquisition.
- This saw shares of WNNR stock switch over to the ZPTA stock ticker. Meanwhile, Zapata Computing warrants now trade under the ZPTAW ticker.
- The new company is named Zapata Computing but operates as Zapata AI.
- The firm focuses on generative artificial intelligence (AI) software solutions.
- That includes those that are capable of solving industrial-scale problems.
- Zapata Computing was founded back in 2017 and operates out of Boston, Massachusetts.
- Investors can dig deeper into Zapata AI on the company’s website.
Christopher Savoie, CEO of Zapata AI, said the following about the company going public in a news release:
“In a large and rapidly growing total addressable market, we are operating from a position of strength with enhanced financial flexibility, proprietary industrial generative AI techniques, and algorithms that we believe are at the leading edge of these new frontiers.”
ZPTA stock is down 50.9% as of Monday morning with some 3 million shares traded.
There are more stock market stories worth reading about today below!
We have all of the hottest stock market news ready to go on Monday! Among that is an April Fool’s Day prank and updates on the latest electric vehicle (EV) deliveries at two big companies. You can catch up on this news at the following links!
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On the date of publication, William White did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
