ADK Soho Fund LP Amends Quantum Corp. Stake on Dec 31, 2023

TL;DR

**ADK Soho Fund LP just updated its Quantum Corp. stake, watch for potential market reaction.**

AI Summary

ADK Soho Fund LP, a Delaware-based investment fund, filed an amended SC 13G/A on January 17, 2024, indicating a change in its beneficial ownership of Quantum Corporation (QTM) common stock as of December 31, 2023. This filing updates their previous disclosure, signaling that their stake in Quantum has likely shifted, which could influence the stock's perception among investors. Shareholders should note this as it reflects a significant institutional investor's updated position, potentially impacting future trading activity or sentiment around Quantum Corporation.

Why It Matters

This filing shows an institutional investor, ADK Soho Fund LP, has updated its position in Quantum Corporation, which can signal a change in their investment thesis or strategy regarding the company.

Risk Assessment

Risk Level: low — An amended 13G filing typically indicates a passive investment change and does not inherently pose a high risk.

Analyst Insight

Investors should monitor future filings from ADK Soho Fund LP to understand the direction of their investment in Quantum Corporation, as this amendment suggests a re-evaluation of their position.

Key Players & Entities

• ADK Soho Fund LP (company) — the reporting person and investment fund
• Quantum Corporation (company) — the issuer of the securities
• Delaware (company) — place of organization for ADK Soho Fund LP
• December 31, 2023 (date) — date of event requiring the filing
• January 17, 2024 (date) — date the filing was made
• ADK CAPITAL LLC (company) — a group member
• NAT KLIPPER (person) — a group member

FAQ

Key Financial Figures

• $0.01 — ame of Issuer) Common Stock, par value $0.01 per share (Title of Class of Securitie

Filing Documents

• form_sc13ga-quantum.htm (SC 13G/A) — 61KB
• 0001011438-24-000011.txt ( ) — 63KB

(a)

Item 1(a) Name of Issuer: Quantum Corporation (the "Issuer")

(b)

Item 1(b) Address of Issuer's Principal Executive Offices: 224 Airport Parkway, Suite 550 San Jose, CA 95110

(a)

Item 2(a) Name of Person Filing: The Statement is filed on behalf of each of the following persons (collectively, the "Reporting Persons") i) ADK Soho Fund LP (the "Fund"); ii) ADK Capital LLC ("Capital"); and iii) Nat Klipper Capital serves as the general partner of the Fund, which directly holds Shares (as defined in Item 2(d) below). Nat Klipper serves as the Managing Member of Capital and the Managing Partner of the Fund.

(b)

Item 2(b) Address of Principal Business Office or, if none, Residence: The address of the principal business office of each of the Reporting Persons is 429 Lenox Avenue, Miami Beach, FL 33139.

(c)

Item 2(c) Citizenship: i) The Fund is a Delaware limited partnership; ii) Capital is a Delaware limited liability company; and iii) Nat Klipper is a United States citizen.

(d)

Item 2(d) Title of Class of Securities: Common Stock, par value $0.01 per share (the "Shares")

(e)

Item 2(e) CUSIP No.: 747906501 Item 3 If this statement is filed pursuant to 240 13d-1(b), or 240 13d-2(b) or (c), check whether the person filing is a: This Item 3 is not applicable. Item 4 (a) Amount beneficially owned as of December 31, 2023: Fund - 7,654,343 Shares Capital - 7,654,343 Shares Nat Klipper - 9,309,935 Shares (b) Percent of class as of December 31, 2023: Fund – 8.1% Capital – 8.1% Nat Klipper – 9.8% (c) As of December 31, 2023, number of shares as to which the Fund has: (i) Sole power to vote or to direct the vote: 7,654,343 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 7,654,343 (iv) Shared power to dispose or to direct the disposition of: 0 As of December 31, 2023, number of shares as to which Capital has: (i) Sole power to vote or to direct the vote: 7,654,343 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 7,654,343 (iv) Shared power to dispose or to direct the disposition of: 0 As of December 31, 2023, number of shares as to which Nat Klipper has: (i) Sole power to vote or to direct the vote: 9,309,935 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 9,309,935 (iv) Shared power to dispose or to direct the disposition of: 0 Capital may be deemed to have sole power to vote and sole power to dispose of the Shares held by the Fund, through its capacity as general partner of the Fund. Nat Klipper may be deemed to have sole power to vote and sole power to dispose of the Shares held by the Fund, through his capacity as the Managing Member of Capital and the Managing Partner of the Fund. The percentages reported for Item 4(b) are calculated based on a total of 95,040,608 Shares outstanding on August 4, 2023, as disclosed in the Issuer's Form 10-Q filed with the Securities and Exchange Commission on August 8, 2023. It

View Full Filing

View this SC 13G/A filing on SEC EDGAR