{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-279794","form_type":"8-K","ticker":"QMCO","cik":"0000709283","company_name":"QUANTUM CORP /DE/","filed_at":"2023-11-17T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.783729+00:00","generated_at":"2026-06-08T00:35:26.780194+00:00","sec_items":["3.01","8.01","9.01"],"event_type":"regulatory","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Quantum receives Nasdaq notice for delayed Q3 10-Q filing due to ASC 606 re-evaluation","bullets":["Notified by Nasdaq on Nov 14, 2023 for failure to timely file quarterly report for period ended Sep 30, 2023.","Delay caused by additional time needed to re-evaluate standalone selling price under ASC 606.","Must submit compliance plan by Jan 16, 2024; Nasdaq may grant extension to May 7, 2024.","Company also faces earlier Nasdaq minimum bid price deficiency with compliance deadline of Mar 18, 2024.","Common stock continues trading on Nasdaq; no immediate delisting impact."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-279794","json":"https://secwatch.observer/filing/0001193125-23-279794.json","markdown":"https://secwatch.observer/filing/0001193125-23-279794.md","text":"https://secwatch.observer/filing/0001193125-23-279794.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/709283/000119312523279794/0001193125-23-279794-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/709283/000119312523279794/d207033d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T00:35:26.780194+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":"10a89b9f1cd01928e05de66b435a1b961cdc1d6c","claim":"QUANTUM CORP /DE/ received a nasdaq deficiency notice notice regarding late filing (rules 5250(c)(1)).","evidence_excerpt":"November 14, 2023, Quantum Corporation (the “Company”) received a written notice (the “Notice”) from the Listing Qualifications staff of the Nasdaq Stock Market LLC (“Nasdaq”) stating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) as a result of the Company’s failure to timely file its Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2023 (the “Quarterly Report”) with the Securities and Exchange Commission (the “SEC”). On November 13, 2023, the Company filed a Notification of Late Filing on Form 12b-25 with the SEC indicating that the filing o","evidence_source":"SEC 8-K Item 3.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/709283/000119312523279794/0001193125-23-279794-index.htm","confidence":0.9,"family_label":"Listing & Compliance Notices","details":[{"label":"Exchange","value":"nasdaq"},{"label":"Notice","value":"deficiency notice"},{"label":"Deficiency","value":"late filing"},{"label":"Rules","value":"5250(c)(1)"}],"fact_type":"exchange_compliance_notice"},{"claim_id":"8b53d4e9484f82a0669df17514f279ade19a5db3","claim":"QUANTUM CORP /DE/ received a nasdaq deficiency notice notice regarding minimum bid price (rules 5450(a)(1)).","evidence_excerpt":"September 20, 2023, the Company was notified by Nasdaq that it was not in compliance with Nasdaq’s minimum closing bid price requirement of $1.00 per share, as set forth in Nasdaq Listing Rule 5450(a)(1), for 30 consecutive business days. The Company has until March 18, 2024, to regain compliance with the minimum closing bid price requirement.","evidence_source":"SEC 8-K Item 3.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/709283/000119312523279794/0001193125-23-279794-index.htm","confidence":0.9,"family_label":"Listing & Compliance Notices","details":[{"label":"Exchange","value":"nasdaq"},{"label":"Notice","value":"deficiency notice"},{"label":"Deficiency","value":"minimum bid price"},{"label":"Rules","value":"5450(a)(1)"}],"fact_type":"exchange_compliance_notice"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}