secwatch.observer — SEC 8-K summary
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Issuer:     D-Wave Quantum Inc. (QBTS)
CIK:        0001907982
Form:       8-K
Filed at:   2024-04-19T23:59:59+00:00
Accession:  0001907982-24-000052
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 2.03, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

D-Wave amends term loan to allow $30M equity raise without prepayment; updates CFO and GC comp
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1907982/000190798224000052/0001907982-24-000052-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1907982/000190798224000052/qbts-20240416.htm
  HTML page:      https://secwatch.observer/filing/0001907982-24-000052

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