Quantum Corp’s Definitive Proxy Statement (DEF 14A) details critical actions necessary for financial stability and governance restructuring for the period ending March 31, 2025.
Debt Restructuring & Solvency: Shareholders must vote on Proposal 2 and 3 to approve a critical Debt Exchange involving the issuance of Senior Secured Convertible Notes to retire existing term loans due August 2026. This transaction, vital for long-term viability, involves Dialectic, an entity affiliated with Director John A. Fichthorn. The company reported a significant FY2025 Net Loss of ($115.1M).
**Management
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