Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
QUANTUM CORP /DE/ incurred convertible notes of $54,718,114 with Dialectic Technology SPV LLC at 10.00% per annum maturing December 18, 2028.
- Instrument
- convertible notes
- Principal
- $54,718,114
- Counterparty
- Dialectic Technology SPV LLC
- Rate
- 10.00% per annum
- Maturity
- December 18, 2028
- Event
- incurrence
Exact text from the filing
On December 18, 2025, the Company closed the transactions contemplated by the Transaction Agreement (the “Closing”), including its issuance to Dialectic, on a dollar-for-dollar basis, senior secured convertible notes in an aggregate principal amount of $54,718,114 (the “Convertible Notes”)
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Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
QUANTUM CORP /DE/ issued convertible note to Dialectic Technology SPV LLC for exchange for amounts then outstanding and owing under term loans.
- Security
- convertible note
- Purchaser
- Dialectic Technology SPV LLC
- Consideration
- exchange for amounts then outstanding and owing under term loans
Exact text from the filing
On December 18, 2025, the Company closed the transactions contemplated by the Transaction Agreement (the “Closing”), including its issuance to Dialectic, on a dollar-for-dollar basis, senior secured convertible notes in an aggregate principal amount of $54,718,114 (the “Convertible Notes”) in exchange (the “Debt Exchange”) for the amounts then outstanding and owing by the Company to Dialectic under certain term loans held by Dialectic (including principal, any prepayment penalties and exit fees, but excluding any accrued and unpaid interest thereon, the “Term Loans”).
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