Quantum Corp Enters Material Definitive Agreement
Ticker: QMCO · Form: 8-K · Filed: Jul 12, 2024 · CIK: 709283
| Field | Detail |
|---|---|
| Company | Quantum Corp /De/ (QMCO) |
| Form Type | 8-K |
| Filed Date | Jul 12, 2024 |
| Risk Level | medium |
| Pages | 5 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, filing
Related Tickers: QMCO
TL;DR
Quantum Corp signed a big deal, details to come.
AI Summary
On July 11, 2024, Quantum Corporation entered into a material definitive agreement. The filing also includes financial statements and exhibits related to this agreement. Specific details of the agreement and the financial implications are not fully disclosed in this initial 8-K filing.
Why It Matters
This filing indicates a significant new contract or partnership for Quantum Corp, which could impact its future revenue and strategic direction.
Risk Assessment
Risk Level: medium — The nature of the material definitive agreement is not fully disclosed, creating uncertainty about its impact.
Key Players & Entities
- Quantum Corporation (company) — Registrant
- July 11, 2024 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of Incorporation
- San Jose, CA (location) — Address of principal executive offices
FAQ
What is the nature of the material definitive agreement entered into by Quantum Corporation?
The filing states that Quantum Corporation entered into a material definitive agreement on July 11, 2024, but the specific terms and counterparty are not detailed in this report.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on July 11, 2024.
What is Quantum Corporation's state of incorporation?
Quantum Corporation is incorporated in Delaware.
Where are Quantum Corporation's principal executive offices located?
Quantum Corporation's principal executive offices are located at 224 Airport Parkway, Suite 550, San Jose, CA 95110.
What other information is included in this 8-K filing besides the material definitive agreement?
This 8-K filing also includes financial statements and exhibits.
Filing Stats: 1,355 words · 5 min read · ~5 pages · Grade level 12.9 · Accepted 2024-07-12 16:17:31
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 per share QMCO The Nasdaq Stock Mar
Filing Documents
- d860699d8k.htm (8-K) — 35KB
- d860699dex41.htm (EX-4.1) — 144KB
- d860699dex42.htm (EX-4.2) — 151KB
- d860699dex43.htm (EX-4.3) — 150KB
- d860699dex44.htm (EX-4.4) — 150KB
- d860699dex45.htm (EX-4.5) — 152KB
- d860699dex46.htm (EX-4.6) — 151KB
- d860699dex101.htm (EX-10.1) — 56KB
- d860699dex102.htm (EX-10.2) — 40KB
- 0001193125-24-178588.txt ( ) — 1376KB
- qmco-20240711.xsd (EX-101.SCH) — 3KB
- qmco-20240711_lab.xml (EX-101.LAB) — 18KB
- qmco-20240711_pre.xml (EX-101.PRE) — 11KB
- d860699d8k_htm.xml (XML) — 4KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 4.1 Warrant to Purchase Common Stock dated July 11, 2024, Warrant No. 2024-12, issued to OC III LVS XL LP 4.2 Warrant to Purchase Common Stock dated July 11, 2024, Warrant No. 2024-7, issued to Blue Torch Credit Opportunities KRS Fund LP 4.3 Warrant to Purchase Common Stock dated July 11, 2024, Warrant No. 2024-8, issued to Blue Torch Offshore Credit Opportunities Master Fund II LP 4.4 Warrant to Purchase Common Stock dated July 11, 2024, Warrant No. 2024-9, issued to Blue Torch Credit Opportunities SBAF Fund LP 4.5 Warrant to Purchase Common Stock dated July 11, 2024, Warrant No. 2024-10, issued to BTC Holdings SC Fund LLC 4.6 Warrant to Purchase Common Stock dated July 11, 2024, Warrant No. 2024-11, issued to Blue Torch Credit Opportunities Fund II LP 10.1 Ninth Amendment dated July 11, 2024 to Term Loan Credit and Security Agreement dated August 5, 2021 by and among the Company, Quantum LTO Holdings, LLC, the borrowers and guarantors party thereto, the lenders party thereto, and Blue Torch Finance LLC 10.2 Fifteenth Amendment dated July 11, 2024 to Amended and Restated Revolving Credit and Security Agreement dated December 27, 2018 by and among the Company, Quantum LTO Holdings, LLC, Square Box Systems Limited, the borrowers and guarantors party thereto, the lenders party thereto, and PNC Bank, National Association 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: July 12, 2024 QUANTUM CORPORATION By: /s/ Brian E. Cabrera Name: Brian E. Cabrera Title: Senior Vice President, Chief Administrative Officer, Chief Legal and Compliance Officer, and Corporate Secretary