{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-23-035267","form_type":"8-K","ticker":"QBTS","cik":"0001907982","company_name":"D-Wave Quantum Inc.","filed_at":"2023-07-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.053112+00:00","generated_at":"2026-06-13T05:49:08.713131+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"D-Wave secures waiver and amendment to draw Loan B under Term Loan with PSPIB","bullets":["PSPIB waived condition requiring board-approved operating budget for 2023-2027; deadline extended to August 31, 2023.","Director nomination condition from PSPIB now at lender's option upon 5 business days' notice.","IP registration notification changed from 5 business days to monthly deadline.","Company drew Loan B; no assurance it can meet conditions to draw Loan C."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-23-035267","json":"https://secwatch.observer/filing/0001140361-23-035267.json","markdown":"https://secwatch.observer/filing/0001140361-23-035267.md","text":"https://secwatch.observer/filing/0001140361-23-035267.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1907982/000114036123035267/0001140361-23-035267-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1907982/000114036123035267/brhc20056119_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T05:49:08.713131+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"5580884a25a4243a789579a8108cab89cc3d9435","claim":"D-Wave Quantum Inc. amended Limited Waiver and Second Amendment to Loan and Security Agreement with PSPIB Unitas Investments II Inc., an affiliate of PSP Investments (effective 2023-07-13).","evidence_excerpt":"On July 13, 2023, D-Wave Quantum Inc. (the \"Company\") entered into the Limited Waiver and Second Amendment to Loan and Security Agreement (the “Amendment”) with PSPIB Unitas Investments II Inc., an affiliate of PSP Investments, (“PSPIB”) waiving and amending certain conditions to the Loan and Security Agreement dated as of April 13, 2023, by and among the Company and its subsidiaries and PSPIB (as amended pursuant to that certain First Amendment to Loan and Security Agreement dated as of June 16, 2023) (the “Term Loan”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1907982/000114036123035267/0001140361-23-035267-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"PSPIB Unitas Investments II Inc., an affiliate of PSP Investments"},{"label":"Effective","value":"2023-07-13"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}