secwatch.observer — SEC 8-K summary
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Issuer:     QUANTUM CORP /DE/ (QMCO)
CIK:        0000709283
Form:       8-K
Filed at:   2023-09-26T23:59:59+00:00
Accession:  0000709283-23-000035
Event type: regulatory
Sentiment:  negative
Materiality: 0.60
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/709283/000070928323000035/0000709283-23-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/709283/000070928323000035/qtm-20230920.htm
  HTML page:      https://secwatch.observer/filing/0000709283-23-000035

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