secwatch.observer — SEC 8-K summary
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Issuer:     D-Wave Quantum Inc. (QBTS)
CIK:        0001907982
Form:       8-K
Filed at:   2023-07-21T23:59:59+00:00
Accession:  0001140361-23-035507
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

D-Wave Quantum amends term loan to waive prepayment on up to $50M in ELOC proceeds
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1907982/000114036123035507/0001140361-23-035507-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1907982/000114036123035507/brhc20056183_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-035507

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