Quantum eliminates all debt, paying off $57.8M in loans and canceling convertible notes

Filed June 5, 2026 · Period ending June 4, 2026 · ~1 min read

Key Changes

• high

  Quantum paid $57.8 million to terminate its term loan facility, consisting of $56.0 million principal, $1.5 million interest, and $0.3 million in fees, completely eliminating this debt obligation from its balance sheet.

  Item 1.01 view on EDGAR →
• high

  All outstanding 10% PIK Senior Secured Convertible Notes due 2028 were canceled and the indenture fully discharged, removing both debt burden and potential shareholder dilution from conversion.

  Item 1.01 view on EDGAR →
• medium

  The company terminated its standby equity purchase agreement with Yorkville effective June 11, 2026, with no amounts owed, removing a potential dilutive financing source but also eliminating a liquidity backstop.

  Item 1.01 view on EDGAR →