Quantum Corporation reported its financial results for the fiscal quarter ended March 31, 2026, via an earnings release furnished as Exhibit 99.1. Quantum Corporation is a provider of data storage and management solutions.

Quantum Corporation terminated its Term Loan Credit and Security Agreement by paying an aggregate of $57.8 million, which included $56.0 million in principal, $1.5 million in interest, and $0.3 million in fees. The company also terminated its Standby Equity Purchase Agreement with Yorkville and canceled all outstanding 10.00% PIK Senior Secured Convertible Notes due 2028. Furthermore, the company scheduled its 2026 annual meeting of stockholders for September 15, 2026.

Quantum Corporation entered into a private placement to sell 10,615,712 shares of common stock at $9.42 per share for gross proceeds of approximately $100 million to repay debt and fund working capital. The company also extended its term loan maturity to September 2028 and agreed to convert approximately $57.2 million of notes from Dialectic Technology SPV LLC into common stock. Additionally, the company released preliminary financial results for the fourth quarter ended March 31, 2026.