On September 6, 2023, Zapata Computing, Inc. ("Zapata AI"), a leader in industrial generative AI, completed a business combination with Andretti Acquisition Corp. (NYSE: WNNR), a special purpose acquisition company and portfolio company of SOL Global, which does business in Canada. The merged entity, Zapata Computing Holdings Inc., was renamed Zapata AI and began trading on Nasdaq under the ticker symbols "ZPTA" and "ZPTAW" on April 1, 2024. The transaction is set to enhance Zapata AI's growth by providing access to public market capital.

Zapata AI, founded in 2017, specializes in generative AI solutions designed to address complex, industrial-scale problems across various sectors, including financial services, defense, automotive, and biotech. Its offerings include Zapata AI Sense™ and Zapata AI Prose™, integrated into the Orquestra® platform, which enables real-time processing of vast sensor data.

Cohen & Company Capital Markets served as the exclusive financial advisor to Andretti Acquisition Corp., while The Benchmark Company advised Zapata AI. Legal counsel was provided by Paul, Weiss, Rifkind, Wharton & Garrison LLP for Andretti Acquisition Corp. and Foley Hoag LLP for Zapata AI. Gowling WLG advised SOL Global.