---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-002693"
form_type: "8-K"
ticker: "QMCO"
cik: "0000709283"
company_name: "QUANTUM CORP /DE/"
filed_at: "2025-01-27T23:59:59+00:00"
generated_at: "2026-05-27T09:41:51.014035+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Quantum enters $200M equity purchase agreement with Yorkville; obtains debt covenant waivers

## Summary
- Standby Equity Purchase Agreement (SEPA) with YA II PN, Ltd.; up to $200M of common stock over 36 months.
- Shares sold at 96% of VWAP (Option 1) or 97% of lowest daily VWAP over 3 days (Option 2).
- Exchange cap at 1,157,139 shares (19.99% of outstanding) unless shareholder approval or avg price >$32.57.
- Amendments to Term Loan and Revolver credit agreements waive minimum EBITDA test for Dec 31, 2024 and Mar 31, 2025, and waive defaults.
- Proceeds intended to repay debt and for working capital; company cites efforts to lower debt and interest costs.

## SEC filing metadata
- accession: 0001628280-25-002693
- form_type: 8-K
- ticker: QMCO
- cik: 0000709283
- company_name: QUANTUM CORP /DE/
- filed_at: 2025-01-27T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/709283/000162828025002693/0001628280-25-002693-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/709283/000162828025002693/qtm-20250125.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-002693
- JSON: https://secwatch.observer/filing/0001628280-25-002693.json
- Plain text: https://secwatch.observer/filing/0001628280-25-002693.txt

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