---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-067740"
form_type: "8-K"
ticker: "QUBT"
cik: "0001758009"
company_name: "Quantum Computing Inc."
filed_at: "2024-08-12T23:59:59+00:00"
generated_at: "2026-05-31T10:05:27.560555+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Quantum Computing Inc. secures $7.5M net from Streeterville convertible note at 10% interest

## Summary
- Issued $8.25M secured convertible promissory note with $750K OID, net proceeds $7.5M to Streeterville Capital.
- Note accrues 10% interest, matures 18 months from Aug 6, 2024; convertible at 92% of lowest VWAP over 8 prior trading days.
- Repayment right: up to $750K/month starting Feb 2025, payable in cash or stock if equity conditions met.
- Proceeds for working capital, sales/marketing, and outfitting chip fabrication facility in Tempe, AZ.
- Full asset security (incl. IP) and subsidiary guarantees; company must seek shareholder approval within 180 days due to Nasdaq cap.

## SEC filing metadata
- accession: 0001213900-24-067740
- form_type: 8-K
- ticker: QUBT
- cik: 0001758009
- company_name: Quantum Computing Inc.
- filed_at: 2024-08-12T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1758009/000121390024067740/0001213900-24-067740-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1758009/000121390024067740/ea0211139-8k_quantum.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-067740
- JSON: https://secwatch.observer/filing/0001213900-24-067740.json
- Plain text: https://secwatch.observer/filing/0001213900-24-067740.txt

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