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Quantum ( (QMCO) ) has shared an announcement.
On December 18, 2025, Quantum Corporation completed a debt exchange with Dialectic Technology SPV LLC, issuing $54.7 million of senior secured convertible notes due December 18, 2028 in exchange for existing term loans owed to Dialectic, following shareholder approval on December 16, 2025. The notes carry a 10% payment-in-kind interest rate, an initial $10 per-share conversion price subject to reset and anti-dilution protections, and are secured by all company assets that also secure the term loans; if fully converted and combined with Dialectic’s forbearance warrant, Dialectic could own approximately 36.9% of Quantum’s outstanding common stock after conversion and exercise, with Quantum also agreeing to maintain escalating quarterly minimum liquidity levels in 2026 and granting Dialectic registration rights for the underlying shares. At the December 16, 2025 annual meeting, shareholders elected the full slate of director nominees, approved the convertible note transactions with Dialectic and potential share issuances under Dialectic’s forbearance warrant for Nasdaq compliance purposes, expanded the 2023 Long-Term Incentive Plan by 1.4 million shares while removing individual award caps, endorsed executive compensation on an advisory basis, ratified CohnReznick LLP as auditor for fiscal 2026, and authorized the potential adjournment of the meeting, collectively reinforcing management’s capital restructuring strategy and compensation framework while paving the way for significant potential equity dilution and tighter liquidity covenants.
The most recent analyst rating on (QMCO) stock is a Hold with a $9.00 price target. To see the full list of analyst forecasts on Quantum stock, see the QMCO Stock Forecast page.
Spark’s Take on QMCO Stock
According to Spark, TipRanks’ AI Analyst, QMCO is a Neutral.
Quantum’s overall stock score is primarily impacted by its poor financial performance, characterized by significant losses and financial instability. While technical analysis and valuation also present concerns, recent earnings call highlights and corporate events provide some optimism, indicating potential for improvement if strategic initiatives are successful.
To see Spark’s full report on QMCO stock, click here.
More about Quantum
Quantum Corporation is a data storage and management company that develops and sells hardware and software solutions focused on unstructured data, archival storage, and data protection for enterprises and media, entertainment, and other data-intensive markets.
Average Trading Volume: 1,828,781
Technical Sentiment Signal: Sell
Current Market Cap: $109.2M
For an in-depth examination of QMCO stock, go to TipRanks’ Overview page.