Quantum Corporation

Quantum Corporation delivers end-to-end data management solutions designed for unstructured data in the artificial intelligence era, specializing in high-performance ingest for AI applications, massive data lakes, and solutions for video, images, audio, and other large files representing over 80% of all data created. Founded in 1980 and headquartered in Centennial, Colorado, the company is a smaller reporting company registering up to 18,207,453 shares of common stock for resale by Selling Stockholder Dialectic Technology SPV LLC, issuable upon conversion of $54,718,114 aggregate principal amount of 10.00% PIK Senior Secured Convertible Notes due December 18, 2028, issued on December 18, 2025 in exchange for outstanding Term Loans. As of December 31, 2025, there were 14,134,629 shares of common stock outstanding, with the Selling Stockholder beneficially owning 20,860,761 shares or 59.6% on an as-converted basis assuming a $4.00 conversion price. Quantum will receive no proceeds from the resale, as all shares are offered by the Selling Stockholder pursuant to a registration rights agreement. The common stock trades on Nasdaq under ticker QMCO. Investing involves a high degree of risk, with covenants requiring minimum liquidity of $3.75 million as of March 31, 2026, increasing to $7.5 million thereafter. The filing enables liquidity for the Selling Stockholder's position while highlighting Quantum's focus on AI-driven unstructured data management amid ongoing debt restructuring.

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