---
schema_version: "secwatch.filing_event.v1"
accession: "0000709283-23-000035"
form_type: "8-K"
ticker: "QMCO"
cik: "0000709283"
company_name: "QUANTUM CORP /DE/"
filed_at: "2023-09-26T23:59:59+00:00"
generated_at: "2026-06-10T09:00:59.654905+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Quantum receives Nasdaq non-compliance notice for bid price below $1.00

## Summary
- Notified by Nasdaq on Sept 20, 2023 of minimum bid price deficiency.
- Stock closed below $1.00 per share for 30 consecutive business days.
- Company has 180 calendar days, until March 18, 2024, to regain compliance.
- No immediate effect on Nasdaq listing or business operations.
- If compliance not met by March 18, 2024, may be eligible for additional time.

## SEC filing metadata
- accession: 0000709283-23-000035
- form_type: 8-K
- ticker: QMCO
- cik: 0000709283
- company_name: QUANTUM CORP /DE/
- filed_at: 2023-09-26T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/709283/000070928323000035/0000709283-23-000035-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/709283/000070928323000035/qtm-20230920.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000709283-23-000035
- JSON: https://secwatch.observer/filing/0000709283-23-000035.json
- Plain text: https://secwatch.observer/filing/0000709283-23-000035.txt

## Key facts
- Listing & Compliance Notices
  QUANTUM CORP /DE/ received a nasdaq deficiency notice notice regarding minimum bid price (rules 5450(a)(1), 5810(c)(3)(A)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: minimum bid price
  - Rules: 5450(a)(1), 5810(c)(3)(A)
  source text: September 20, 2023, Quantum Corporation (the “Company”) was notified by the Nasdaq Stock Market LLC (“Nasdaq”) that it was not in compliance with Nasdaq‘s minimum closing bid price requirement of $1.00 per share, as set forth in Nasdaq Listing Rule 5450(a)(1), for 30 consecutive business days. Nasdaq Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum closing bid price requirement exists if the deficiency continues for a period of 30 consecutive business days. The notification has no immediate effect on the Company’s Nasdaq listing, and the Company has 180 calendar days from
  evidence_url: https://www.sec.gov/Archives/edgar/data/709283/000070928323000035/0000709283-23-000035-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.