---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-178588"
form_type: "8-K"
ticker: "QMCO"
cik: "0000709283"
company_name: "QUANTUM CORP /DE/"
filed_at: "2024-07-12T23:59:59+00:00"
generated_at: "2026-05-31T21:32:06.097669+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Quantum extends covenant test deadline; issues 1M share warrants to lenders

## Summary
- Total net leverage ratio for fiscal Q2 2024 not tested until July 31, 2024.
- Revolver amendment extends deadline for subsequent amendment to July 31, 2024.
- Issued warrants to term loan lenders for 1,000,000 shares of common stock.
- Amendments include fees and expenses paid to administrative agent for lenders.
- Company must make substantial progress on business initiatives by July 18, 2024.

## SEC filing metadata
- accession: 0001193125-24-178588
- form_type: 8-K
- ticker: QMCO
- cik: 0000709283
- company_name: QUANTUM CORP /DE/
- filed_at: 2024-07-12T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/709283/000119312524178588/0001193125-24-178588-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/709283/000119312524178588/d860699d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-178588
- JSON: https://secwatch.observer/filing/0001193125-24-178588.json
- Plain text: https://secwatch.observer/filing/0001193125-24-178588.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.