secwatch.observer — SEC 8-K summary
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Issuer:     D-Wave Quantum Inc. (QBTS)
CIK:        0001907982
Form:       8-K
Filed at:   2023-10-11T23:59:59+00:00
Accession:  0001140361-23-047817
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 with PSPIB; extends budget deadline and ELOC prepayment holiday to Dec 31, 2023
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- Fourth Amendment to Loan and Security Agreement with PSPIB dated Oct 6, 2023.
- Deadline for board-approved 2023-2027 budget extended to December 31, 2023.
- Prepayment holiday for ELOC proceeds up to $50M extended to December 31, 2023.
- Permitted capex indebtedness increased to $3.8M; insurance premium financing up to $1.8M.
- Other amendments: investment policy, deposit account control agreement due Oct 31, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1907982/000114036123047817/0001140361-23-047817-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1907982/000114036123047817/ef20012292_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-047817

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