secwatch.observer — SEC 8-K summary
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Issuer:     Quantum Computing Inc. (QUBT)
CIK:        0001758009
Form:       8-K
Filed at:   2024-03-25T23:59:59+00:00
Accession:  0001213900-24-025537
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Quantum Computing Inc. to redeem all Series A Preferred for $8.2M in 18 monthly payments
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- Aggregate cash purchase price of $8,195,000 for all outstanding Series A Convertible Preferred Stock at $5.50 per share.
- Redemption in eighteen monthly payments at Company's sole discretion; may be accelerated. Waivers of rights upon each payment.
- Holders waive dividend accrual, participation, and subsequent financing rights month-by-month; waivers forfeited if payment missed.
- As of March 25, 2024, 82,783 shares redeemed for $455,307; 1,407,221 shares remain outstanding.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1758009/000121390024025537/0001213900-24-025537-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1758009/000121390024025537/ea0202113-8k_quantum.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-025537

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