---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-252718"
form_type: "8-K"
ticker: "QMCO"
cik: "0000709283"
company_name: "QUANTUM CORP /DE/"
filed_at: "2026-06-02T14:41:23+00:00"
generated_at: "2026-06-02T14:42:17.336562+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Quantum raises $100M equity, converts all convertible notes to equity; Q4 revenue above guidance

## Summary
- Private placement of 10,615,712 shares at $9.42/share for gross proceeds of $100M; net ~$94.7M.
- Proceeds to repay all existing term debt; remaining for working capital and growth.
- Dialectic converts entire ~$57.2M of convertible notes (plus accrued interest) into common stock, eliminating that debt.
- Preliminary Q4 FY2026 revenue ~$77.5M (+/- $2M), above guided $68M range; GAAP opex ~$30.5M; cash ~$15.5M.
- Term loan maturity extended to September 2028; Sixteenth Amendment allows retention of part of future equity proceeds.

## SEC filing metadata
- accession: 0001193125-26-252718
- form_type: 8-K
- ticker: QMCO
- cik: 0000709283
- company_name: QUANTUM CORP /DE/
- filed_at: 2026-06-02T14:41:23+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.02, 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/709283/000119312526252718/0001193125-26-252718-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/709283/000119312526252718/d35173d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-252718
- JSON: https://secwatch.observer/filing/0001193125-26-252718.json
- Plain text: https://secwatch.observer/filing/0001193125-26-252718.txt

## Source-grounded claims
- claim_id: 240fa4a15034d7585709c37f3fe0a545d1e99c8d
  claim: QUANTUM CORP /DE/ entered into PIPE Registration Rights Agreement with certain accredited investors (effective 2026-06-01).
  evidence_excerpt: In connection with the Private Placement, the Company entered into Registration Rights Agreements with the Investors, dated as of June 1, 2026 (the “PIPE Registration Rights Agreement”), pursuant to which the Company has agreed to (i) prepare and file a registration statement with the Securities and Exchange Commission (the “SEC”) covering the resale of the Common Stock sold in the Private Placement within 45 days of the closing of the Private Placement, (ii) use commercially reasonable efforts to have such registration statement declared effective within the time period set forth in the PIPE Registration Rights Agreement, and to keep such registration statement effective until the date that all registrable securities covered by such registration statement (a) have been sold, thereunder or pursuant to Rule 144, or (b) may be sold without volume or manner-of-sale restrictions pursuant to Rule 144 and without the requirement for 1 the Company to be in compliance with the current public i
  evidence_url: https://www.sec.gov/Archives/edgar/data/709283/000119312526252718/0001193125-26-252718-index.htm
- claim_id: 63389fe33f1939623fb5db1941366a9411844c83
  claim: QUANTUM CORP /DE/ amended Sixteenth Amendment with Alter Domus (US) LLC (effective 2026-06-01).
  evidence_excerpt: On June 1, 2026, the Company entered into a Sixteenth Amendment (the “Sixteenth Amendment”) to its Term Loan Credit and Security Agreement, dated as of August 5, 2021 (as amended, restated, supplemented or otherwise modified prior to the date of the Sixteenth Amendment, the “Existing Credit Agreement” and the Existing Credit Agreement, as amended by the Sixteenth Amendment, the “Credit Agreement”), with the other loan parties party thereto, the lenders party thereto and Alter Domus (US) LLC, as disbursing agent and collateral agent.
  evidence_url: https://www.sec.gov/Archives/edgar/data/709283/000119312526252718/0001193125-26-252718-index.htm
- claim_id: b8e83bb3931e1cab894faf6cc3bf3beca25f5417
  claim: QUANTUM CORP /DE/ entered into Purchase Agreement with certain accredited investors valued at approximately $100.0 million (effective 2026-06-01).
  evidence_excerpt: On June 1, 2026, Quantum Corporation (the “Company”) entered into Securities Purchase Agreements (the “Purchase Agreement”) with certain accredited investors (the “Investors”), pursuant to which the Company, in a private placement (the “Private Placement”), agreed to issue and sell to the Investors an aggregate of 10,615,712 shares of the Company’s common stock, par value $0.01 per share (“Common Stock”), at a price of $9.42 per share, for aggregate gross proceeds to the Company of approximately $100.0 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/709283/000119312526252718/0001193125-26-252718-index.htm

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