secwatch.observer — SEC 8-K summary
======================================

Issuer:     Quantum-Si Inc (QSI)
CIK:        0001816431
Form:       8-K
Filed at:   2022-05-09T23:59:59+00:00
Accession:  0001140361-22-018310
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Quantum-Si appoints Patrick Schneider as President/COO; Q1 net loss $35.2M, cash $434.8M
--------------------------------------------------------------------------------

- Q1 2022 net loss $35.2M (vs $11.8M YoY) on R&D $18.8M and SG&A $8.4M. Cash $434.8M.
- Patrick Schneider appointed President & COO effective May 9; Michael McKenna becomes EVP Product Dev & Ops.
- Schneider receives $475k salary, $400k sign-on (recoverable), 1M options + performance options at $10/$20 targets.
- Targeting product launch H2 2022; completed chip production tech transfer to Garnet Valley, PA facility.
- Adjusted EBITDA -$27.4M in Q1 2022 vs -$11.1M YoY.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1816431/000114036122018310/0001140361-22-018310-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1816431/000114036122018310/brhc10037210_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-22-018310

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer