Quantum shareholders approve reverse stock split; board sets 1-for-20 ratio effective Aug 26, 2024

QUANTUM CORP /DE/

Shareholders approved reverse stock split at ratio from 1-for-5 to 1-for-20 at Aug 15 annual meeting.
Board set exact ratio at 1-for-20; effective Aug 26, 2024 at 4:01 p.m. ET; trading begins Aug 27 split-adjusted.
No fractional shares; fractional interests rounded up to next whole share. CUSIP changes to 747906600.
Proportionate adjustments to equity awards, warrants, and equity plan shares; par value unchanged at $0.01.

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