Quantum raises $100 million, eliminates debt through equity financing

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Go back to Quantum raises $100 million, eliminates debt through equity financing

Quantum Announces Equity Financing to Strengthen Balance Sheet and Support Growth

June 2, 2026 8:22 AM EDT

Quantum to Eliminate All Debt with Combination of Debt Payoff and Conversion

Three concurrent transactions improve liquidity, significantly strengthening the Companys balance sheet and providing capital to invest in growth

CENTENNIAL, Colo.--(BUSINESS WIRE)-- Quantum Corporation (Nasdaq: QMCO) today announced three concurrent transactions that together are expected to significantly strengthen the Companys balance sheet and provide capital for growth. First, the Company has entered into securities purchase agreements to sell shares of common stock in a private... More