{"schema_version":"secwatch.filing_event.v1","accession":"0001907982-24-000052","form_type":"8-K","ticker":"QBTS","cik":"0001907982","company_name":"D-Wave Quantum Inc.","filed_at":"2024-04-19T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.180315+00:00","generated_at":"2026-06-03T16:54:40.547601+00:00","sec_items":["1.01","2.03","5.02","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"D-Wave amends term loan to allow $30M equity raise without prepayment; updates CFO and GC comp","bullets":["Sixth Amendment to Loan & Security Agreement with PSPIB executed April 16, 2024.","Up to $30M gross proceeds (ELOC or Universal Shelf) between April 16 and Sept 30, 2024 exempt from mandatory prepayment.","Additional $20M equity proceeds receive exemption from 10% prepayment premium.","CFO John Markovich base salary increased to $440,000/yr effective Apr 1, 2024; 150k RSU grant.","GC Diane Nguyen base salary increased to $330,000/yr; awards: 80k RSU refresh, 100k RSU and 100k options promotion."],"urls":{"canonical":"https://secwatch.observer/filing/0001907982-24-000052","json":"https://secwatch.observer/filing/0001907982-24-000052.json","markdown":"https://secwatch.observer/filing/0001907982-24-000052.md","text":"https://secwatch.observer/filing/0001907982-24-000052.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1907982/000190798224000052/0001907982-24-000052-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1907982/000190798224000052/qbts-20240416.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T16:54:40.547601+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"a5b1d6fc7edfe6fa9aa8e44e73a1b86bcaf5c1a4","claim":"D-Wave Quantum Inc. entered into Sixth Amendment to Loan and Security Agreement with PSPIB Unitas Investments II Inc. valued at Additional $30 million prepayment exemption plus $20 million prepayment premium exemption (effective 2024-04-16).","evidence_excerpt":"On April 16, 2024, D-Wave Quantum Inc. (the “Company”) entered into the Sixth Amendment to Loan and Security Agreement (the “Amendment”) with PSPIB Unitas Investments II Inc. (“PSPIB”) amending certain provisions to the Loan and Security Agreement dated as of April 13, 2023, by and among the Company and its subsidiaries and PSPIB, as amended (the “Term Loan”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1907982/000190798224000052/0001907982-24-000052-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"PSPIB Unitas Investments II Inc."},{"label":"Value","value":"Additional $30 million prepayment exemption plus $20 million prepayment premium exemption"},{"label":"Effective","value":"2024-04-16"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}