Quantum Corporation (QMCO) Commences $67.5M Rights Offering

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Go back to Quantum Corporation (QMCO) Commences $67.5M Rights Offering

Quantum Corporation Commences Rights Offering

March 29, 2022 4:37 PM EDT

SAN JOSE, Calif., March 29, 2022 /PRNewswire/ -- Quantum Corporation (Nasdaq: QMCO) (the "Company") today commenced the previously announced rights offering to raise gross proceeds of up to approximately $67.5 million (the "Rights Offering"). Under the terms of the Rights Offering, all holders of record of the Company's common stock ("Common Stock"), and holders of certain outstanding warrants to purchase shares of Common Stock issued by the Company (the "Participating Warrants"), as of 5:00 p.m. Eastern Time on March 25, 2022 (the "Record Date"), will... More