--- schema_version: "secwatch.filing_event.v1" accession: "0001213900-23-008992" form_type: "8-K" ticker: null cik: "0001830795" company_name: "Quantum FinTech Acquisition Corp" filed_at: "2023-02-07T23:59:59+00:00" generated_at: "2026-06-19T23:05:41.394698+00:00" event_type: "other_material" sentiment: "negative" materiality_score: 0.75 calibrated_materiality_score: 0.75 confidence: "high" source: SEC EDGAR --- # Quantum FinTech shareholders approve extension to Aug 9, 2023; ~$149M redeemed, trust drops to $54M ## Summary - Stockholders approved charter amendment to extend business combination deadline to up to Aug 9, 2023, with monthly sponsor deposits of up to $175K. - Holders of 14,667,626 shares exercised redemption right at ~$10.15/share, totaling ~$148.88M. - Trust account reduced from ~$202M to ~$53.68M after redemptions. - Seven directors re-elected; Marcum LLP ratified as independent auditor for fiscal 2023. - Sponsor to fund monthly extensions via non-interest bearing promissory notes if needed. ## SEC filing metadata - accession: 0001213900-23-008992 - form_type: 8-K - cik: 0001830795 - company_name: Quantum FinTech Acquisition Corp - filed_at: 2023-02-07T23:59:59+00:00 - event_type: other_material - sentiment: negative - materiality_score: 0.75 - calibrated_materiality_score: 0.75 - confidence: high - sec_items: 1.01, 5.03, 5.07, 8.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1830795/000121390023008992/0001213900-23-008992-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1830795/000121390023008992/ea172777-8k_quantum.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001213900-23-008992 - JSON: https://secwatch.observer/filing/0001213900-23-008992.json - Plain text: https://secwatch.observer/filing/0001213900-23-008992.txt ## Key facts - Governance Changes Quantum FinTech Acquisition Corp: Amended certificate of incorporation to extend business combination deadline from February 9, 2023 to up to August 9, 2023, with monthly extension options and sponsor deposit provisions (effective 2023-02-06). - Change: charter amendment - Effective: 2023-02-06 source text: the Company filed an amendment to its amended and restated certificate of incorporation (the “ Charter ”) with the Delaware Secretary of State on February 6, 2023 (the “ Charter Amendment ”), to extend the date by which the Company has to consummate a business combination for an additional six months, from February 9, 2023 (the “ Termination Date ”) to up to August 9, 2023 evidence_url: https://www.sec.gov/Archives/edgar/data/1830795/000121390023008992/0001213900-23-008992-index.htm - Material Agreements Quantum FinTech Acquisition Corp amended Trust Amendment with Continental Stock Transfer & Trust Company (effective 2023-02-06). - Action: amendment - Counterparty: Continental Stock Transfer & Trust Company - Effective: 2023-02-06 source text: Quantum FinTech Acquisition Corporation (the “ Company ”) entered into an amendment to the Investment Management Trust Agreement, dated as of February 4, 2021 (the “ Trust Agreement ”), with Continental Stock Transfer & Trust Company (“ Continental ”), on February 6, 2023 (the “ Trust Amendment ”). evidence_url: https://www.sec.gov/Archives/edgar/data/1830795/000121390023008992/0001213900-23-008992-index.htm - Shareholder Votes Quantum FinTech Acquisition Corp shareholders approved Re-elect seven directors at the 2023-02-06 meeting. - Proposal: director election - Outcome: passed - Meeting: 2023-02-06 source text: The stockholders approved the proposal to re-elect seven directors to the Board, with such directors to serve until the first annual meeting of stockholders following this special meeting or until his successor is elected and qualified. evidence_url: https://www.sec.gov/Archives/edgar/data/1830795/000121390023008992/0001213900-23-008992-index.htm - Shareholder Votes Quantum FinTech Acquisition Corp shareholders approved Ratify Marcum LLP as independent auditor for fiscal year 2023 at the 2023-02-06 meeting. - Proposal: auditor ratification - Outcome: passed - Meeting: 2023-02-06 source text: The stockholders approved the proposal to ratify the selection by the Audit Committee of Marcum LLP to serve as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023. evidence_url: https://www.sec.gov/Archives/edgar/data/1830795/000121390023008992/0001213900-23-008992-index.htm - Shareholder Votes Quantum FinTech Acquisition Corp shareholders approved Amend the Trust Agreement to provide for the extension at the 2023-02-06 meeting. - Outcome: passed - Meeting: 2023-02-06 source text: The stockholders approved the proposal to amend the Trust Agreement, dated February 4, 2021, by and between the Company and Continental, to provide for the Extension to the Extended Date pursuant to the Charter Amendment. evidence_url: https://www.sec.gov/Archives/edgar/data/1830795/000121390023008992/0001213900-23-008992-index.htm - Shareholder Votes Quantum FinTech Acquisition Corp shareholders approved Amend the Charter to extend the business combination deadline at the 2023-02-06 meeting. - Proposal: charter amendment - Outcome: passed - Meeting: 2023-02-06 source text: The stockholders approved the proposal to amend the Company’s Charter, to extend the date by which the Company has to consummate a business combination for an additional six months, from the Termination Date to the Extended Date evidence_url: https://www.sec.gov/Archives/edgar/data/1830795/000121390023008992/0001213900-23-008992-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.