Quantum Corporation Successfully Raises $67.5 Million In Oversubscribed Rights Offering; Strengthens Balance Sheet And Amends Debt Covenants
Quantum Corporation Successfully Raises $67.5 Million In Oversubscribed Rights Offering; Strengthens Balance Sheet And Amends Debt Covenants
04/26/22, 8:30 AM
Money raised
$67.5 million
Quantum Corporation (Nasdaq: QMCO) (the Company) announced today the closing of its recent Rights Offering. Through broad participation from outside investors and with all eligible directors and officers participating, the Rights Offering was substantially oversubscribed, resulting in the Company raising the maximum available of $67.5 million and issuing 30 million shares.
Company Info
Additional Info
Quantum technology and services help customers capture, create, and share digital content—and preserve and protect it for decades. With solutions built for every stage of the data lifecycle, Quantum's platforms provide the fastest performance for high-resolution video, images, and industrial IoT. That's why the world's leading entertainment companies, sports franchises, researchers, government agencies, enterprises, and cloud providers are making the world happier, safer, and smarter on Quantum. Quantum is listed on Nasdaq (QMCO) and was added to the Russell 2000® Index in 2020. For more information visit www.quantum.com.
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