{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-23-035507","form_type":"8-K","ticker":"QBTS","cik":"0001907982","company_name":"D-Wave Quantum Inc.","filed_at":"2023-07-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.053540+00:00","generated_at":"2026-06-13T05:10:28.457403+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"D-Wave Quantum amends term loan to waive prepayment on up to $50M in ELOC proceeds","bullets":["Third amendment to loan agreement with PSPIB dated July 20, 2023.","No prepayment required for up to $50M in ELOC proceeds received before Oct 18, 2023.","Modification allows D-Wave to raise equity without immediately repaying term loan.","All other loan terms, including maturity and covenants, unchanged."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-23-035507","json":"https://secwatch.observer/filing/0001140361-23-035507.json","markdown":"https://secwatch.observer/filing/0001140361-23-035507.md","text":"https://secwatch.observer/filing/0001140361-23-035507.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1907982/000114036123035507/0001140361-23-035507-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1907982/000114036123035507/brhc20056183_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T05:10:28.457403+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":"660b18807b8ca6b3977d9cc53bb187fa244a83a8","claim":"D-Wave Quantum Inc. amended term loan with PSPIB Unitas Investments II Inc..","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1907982/000114036123035507/0001140361-23-035507-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Counterparty","value":"PSPIB Unitas Investments II Inc."},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"3ac37d89500e4837049d2b786b0ca5878b5dd0ce","claim":"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).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1907982/000114036123035507/0001140361-23-035507-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."},{"label":"Value","value":"up to $50,000,000"},{"label":"Effective","value":"2023-07-20"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}