Quantum announces the next steps of its debt reduction initiative

San jose, calif.--(business wire)--quantum® corporation (nasdaq: qmco) ("quantum" or the "company"), a leader in solutions for ai and unstructured data, today announced of its entry into a standby equity purchase agreement (the “sepa”) an investment fund managed by yorkville advisors global, lp (“yorkville”). transaction summary: access to additional equity capital and liquidity with discount fees of 3% and 4% limited initially to 1.15 million shares, remainder requires shareholder approval thr.
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