---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-064616"
form_type: "8-K"
ticker: null
cik: "0001830795"
company_name: "Quantum FinTech Acquisition Corp"
filed_at: "2023-08-08T23:59:59+00:00"
generated_at: "2026-06-12T02:44:30.578653+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Quantum FinTech SPAC extends deadline to Feb 2024; $4.3M redeemed by stockholders

## Summary
- Charter amended to extend business combination deadline up to February 9, 2024 via up to 6 monthly extensions.
- Sponsor deposits $0.04 per public share per month (max $160k) for each extension, in exchange for unsecured promissory note.
- Holders of 406,990 shares redeemed at ~$10.53/sh, aggregate ~$4.3 million, reducing trust assets.

## SEC filing metadata
- accession: 0001213900-23-064616
- form_type: 8-K
- cik: 0001830795
- company_name: Quantum FinTech Acquisition Corp
- filed_at: 2023-08-08T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.03, 5.07, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1830795/000121390023064616/0001213900-23-064616-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1830795/000121390023064616/ea182982-8k_quantum.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-064616
- JSON: https://secwatch.observer/filing/0001213900-23-064616.json
- Plain text: https://secwatch.observer/filing/0001213900-23-064616.txt

## Key facts
- Governance Changes
  Quantum FinTech Acquisition Corp: Extended the date to consummate a business combination for up to six months (until February 9, 2024) with monthly extension deposits (effective 2023-08-04).
  - Change: charter amendment
  - Effective: 2023-08-04
  source text: As approved by its stockholders at the special meeting of stockholders held on August 4, 2023 (the “ Special Meeting ”), Quantum FinTech Acquisition Corporation (the “ Company ”) filed an amendment to its amended and restated certificate of incorporation (the “ Charter ”) with the Delaware Secretary of State on August 4, 2023 (the “ Charter Amendment ”), to extend the date by which the Company has to consummate a business combination for an additional six months, from August 9, 2023 (the “ Termination Date ”) to up to February 9, 2024, by electing to extend the date to consummate an initial business combination on a monthly basis for up to six times by an additional one month each time after the Termination Date, until February 9, 2024 or a total of up to six months after the Termination Date, or such earlier date as determined by the Board, unless the closing of the Company’s initial business combination shall have occurred (the “ Extension ,” and such later date, the “ Extended Date
  evidence_url: https://www.sec.gov/Archives/edgar/data/1830795/000121390023064616/0001213900-23-064616-index.htm
- Shareholder Votes
  Quantum FinTech Acquisition Corp shareholders approved Charter Amendment Proposal 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, provided that the Sponsor (or its affiliates or permitted designees) will deposit into the Trust Account an amount at the 2023-08-04 meeting.
  - Proposal: charter amendment
  - Outcome: passed
  - Meeting: 2023-08-04
  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, provided that the Sponsor (or its affiliates or permitted designees) will deposit into the Trust Account an amount determined by multiplying $0.04 by the number of public shares then outstanding, up to a maximum of $160,000 for each such one-month extension unless the closing of the Company’s initial business combination shall have occurred, in exchange for a non-interest bearing, unsecured promissory note payable upon consummation of a business combination.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1830795/000121390023064616/0001213900-23-064616-index.htm

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