secwatch.observer — SEC 8-K summary
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Issuer:     Quantum Computing Inc. (QUBT)
CIK:        0001758009
Form:       8-K
Filed at:   2022-09-28T23:59:59+00:00
Accession:  0001213900-22-059571
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Quantum Computing raises $8.25M via high-interest promissory note with Streeterville Capital
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- Issued $8.25M promissory note to Streeterville Capital; net proceeds ~$7.5M after $750K OID and $20K transaction expenses.
- Note bears 10% interest, matures 18 months from issuance; prepayment requires 120% of outstanding balance.
- Investor can redeem up to $750K/month starting 6 months after issuance; Company must pay within 3 trading days.
- Covenants restrict additional convertible/variable-rate debt or equity issuances without Investor's prior written consent.
- Placement agents Ascendiant Capital and Revere Securities received $495K in aggregate fees.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1758009/000121390022059571/0001213900-22-059571-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1758009/000121390022059571/ea166407-8k_quantum.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-059571

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