{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-005670","form_type":"8-K","ticker":null,"cik":"0001596946","company_name":"Quotient Ltd","filed_at":"2023-01-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:45.761958+00:00","generated_at":"2026-06-20T17:05:58.555133+00:00","sec_items":["1.01","1.03","2.04","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Quotient files Chapter 11 bankruptcy to restructure debt, reduce obligations by ~$140M","bullets":["Voluntary Chapter 11 petition filed Jan 10, 2023 in Southern District of Texas; company operates as debtor-in-possession.","Pre-arranged restructuring plan aims to reduce consolidated debt by approximately $140 million.","Outstanding debt: ~$137M senior secured notes (due 2024) and ~$105M convertible notes (due 2026).","Subsidiaries not filing; expected to operate normally. Consenting noteholders agreed to forbear under TSA.","Bankruptcy Court approval of first-day motions sought to minimize operational disruption."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-005670","json":"https://secwatch.observer/filing/0001193125-23-005670.json","markdown":"https://secwatch.observer/filing/0001193125-23-005670.md","text":"https://secwatch.observer/filing/0001193125-23-005670.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1596946/000119312523005670/0001193125-23-005670-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1596946/000119312523005670/d165499d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T17:05:58.555133+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":"3bbbe66aace40a33a0c9ccf15151ed34ad26761d","claim":"Quotient Ltd entered chapter 11 in United States Bankruptcy Court for the Southern District of Texas (petition 2023-01-10).","evidence_excerpt":"On January 10, 2023 (the “ Petition Date ”), Quotient filed a voluntary petition for relief under chapter 11 of title 11 (the “ Chapter 11 Case ”) of the United States Code (the “ Bankruptcy Code ”) in the United States Bankruptcy Court for the Southern District of Texas (the “ Bankruptcy Court ”).","evidence_source":"SEC 8-K Item 1.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/1596946/000119312523005670/0001193125-23-005670-index.htm","confidence":0.9,"family_label":"Distress & Bankruptcy","details":[{"label":"Proceeding","value":"chapter 11"},{"label":"Court","value":"United States Bankruptcy Court for the Southern District of Texas"},{"label":"Petition","value":"2023-01-10"}],"fact_type":"distress_event"},{"claim_id":"858f31a7d90b4b6af85eea28bb7abcd38c2fa708","claim":"Quotient Ltd entered into Omnibus Transaction Agreement with holders of all of its Convertible Notes (Convertible Noteholders) (effective 2023-01-09).","evidence_excerpt":"On January 9, 2023, Quotient Holdings Newco, LP (“ Newco ”), Quotient Holdings Finance Company Limited (“ Finance Co ”), Quotient Holdings Merger Company Limited (“ Merger Co ”) and the Company entered into an omnibus transaction agreement (together with all exhibits, annexes and schedules thereto, the “ Omnibus Transaction Agreement ”) with holders of all of its Convertible Notes issued under the Convertible Notes Indenture (the “ Convertible Noteholders ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1596946/000119312523005670/0001193125-23-005670-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"holders of all of its Convertible Notes (Convertible Noteholders)"},{"label":"Effective","value":"2023-01-09"}],"fact_type":"material_agreement"},{"claim_id":"cde20e0f2ac94985f319bb6a51d67be8e03ddef7","claim":"Quotient Ltd amended Amended and Restated Transaction Support Agreement with holders of all of its (i) outstanding senior secured notes and (ii) convertible notes (Consenting Noteholders) (effective 2023-01-09).","evidence_excerpt":"On January 9, 2023, Quotient Limited (“ Quotient ” or the “ Company ”) entered into an amended and restated transaction support agreement (together with all exhibits, annexes and schedules thereto, the “ A&R TSA ”) with holders of all of its (i) outstanding senior secured notes (the “ Senior Secured Notes ”) issued under that certain Indenture, dated as of October 14, 2016 (as amended, restated, amended and restated, supplemented, or otherwise modified from time to time, the “ Senior Secured Notes Indenture ”), by and among the Company, the guarantors party thereto, and U.S. Bank Trust Company, National Association, as trustee, and (ii) convertible notes (the “ Convertible Notes ”) issued under that certain Indenture, dated as of May 26, 2021 (as amended, restated, amended and restated, supplemented, or otherwise modified from time to time, the “ Convertible Notes Indenture ” and together with the Senior Secured Notes Indenture, the “ Indentures ”), by and among the Company, the guaran","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1596946/000119312523005670/0001193125-23-005670-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"holders of all of its (i) outstanding senior secured notes and (ii) convertible notes (Consenting Noteholders)"},{"label":"Effective","value":"2023-01-09"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}