Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
D-Wave Quantum Inc. amended term loan with PSPIB Unitas Investments II Inc..
- Instrument
- term loan
- Counterparty
- PSPIB Unitas Investments II Inc.
- Event
- amendment
Exact text from the filing
On July 20, 2023, D-Wave Quantum Inc. (the "Company") entered into the Third Amendment to Loan and Security Agreement (the “Amendment”) with PSPIB Unitas Investments II Inc. (“PSPIB”) amending certain provisions to the Loan and Security Agreement dated as of April 13, 2023, by and among the Company and its subsidiaries and PSPIB, as amended (the “Term Loan”). Under the Amendment, no prepayment of the advances under the Term Loan is required with respect to aggregate gross proceeds of up to $50,000,000 received pursuant to share issuances under the ELOC (as defined in the Term Loan) to the extent that such proceeds are received prior to October 18, 2023.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
D-Wave Quantum Inc. amended Third Amendment to Loan and Security Agreement with PSPIB Unitas Investments II Inc. valued at up to $50,000,000 (effective 2023-07-20).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- PSPIB Unitas Investments II Inc.
- Value
- up to $50,000,000
- Effective
- 2023-07-20
Exact text from the filing
On July 20, 2023, D-Wave Quantum Inc. (the "Company") entered into the Third Amendment to Loan and Security Agreement (the “Amendment”) with PSPIB Unitas Investments II Inc. (“PSPIB”) amending certain provisions to the Loan and Security Agreement dated as of April 13, 2023, by and among the Company and its subsidiaries and PSPIB, as amended (the “Term Loan”). Under the Amendment, no prepayment of the advances under the Term Loan is required with respect to aggregate gross proceeds of up to $50,000,000 received pursuant to share issuances under the ELOC (as defined in the Term Loan) to the extent that such proceeds are received prior to October 18, 2023.
View on SEC.gov