secwatch.observer — SEC 8-K summary
======================================

Issuer:     Quantum FinTech Acquisition Corp (—)
CIK:        0001830795
Form:       8-K
Filed at:   2023-08-08T23:59:59+00:00
Accession:  0001213900-23-064616
Event type: other_material
Sentiment:  negative
Materiality: 0.55
Item codes: 5.03, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1830795/000121390023064616/0001213900-23-064616-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1830795/000121390023064616/ea182982-8k_quantum.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-064616

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer