secwatch.observer — SEC 8-K summary
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Issuer:     D-Wave Quantum Inc. (QBTS)
CIK:        0001907982
Form:       8-K
Filed at:   2023-07-20T23:59:59+00:00
Accession:  0001140361-23-035267
Event type: debt
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

D-Wave secures waiver and amendment to draw Loan B under Term Loan with PSPIB
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1907982/000114036123035267/0001140361-23-035267-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1907982/000114036123035267/brhc20056119_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-035267

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