secwatch.observer — SEC 8-K summary
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Issuer:     Lakeside Holding Ltd (LSH)
CIK:        0001996192
Form:       8-K
Filed at:   2026-10-01T20:09:45+00:00
Accession:  0001213900-26-105778
Event type: debt
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Quanome CEO Yang Li provides up to $15 million revolving loan at 6.0% interest
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- Quanome Technologies entered a revolving loan agreement with CEO/Chairman Yang Li for up to $15.0 million in non-dilutive growth capital.
- Advances bear interest at 6.0% per annum, payable monthly in arrears; proceeds may be used for working capital and general corporate purposes.
- The loan matures three months after its effective date; if Yang Li ceases to serve as both Chairman and CEO, outstanding amounts become due 30 days after he leaves the second role.
- The Audit Committee, made up of three independent directors, approved the transaction; Li disclosed his interest and did not participate in deliberations or vote.
- An October 1, 2026 press release said Li is backing Quanome's quantum strategy; QNME trades on Nasdaq and the loan agreement will be filed with the Q3 2026 report.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1996192/000121390026105778/0001213900-26-105778-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1996192/000121390026105778/ea0307308-8k_quanome.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-105778

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