Quantum Announces Update on Plan to Regain Nasdaq Compliance and Delayed Form 10-Q Filing

January 17, 2024

https://www.prnewswire.com/news-releases/quantum-announces-update-on-plan-to-regain-nasdaq-compliance-and-delayed-form-10-q-filing-302037498.html

SAN JOSE, Calif., Jan. 17, 2024 /PRNewswire/ — Quantum Corporation (Nasdaq: QMCO) (“Quantum” or the “Company”) announced today that in accordance with Nasdaq Listing Rules, the Company has submitted its plan to regain compliance on January 16, 2024. If the plan is accepted by the Nasdaq Stock Market LLC (“Nasdaq”), the Company expects to be granted an extension of up to 180 calendar days from the original due date of the quarterly report on Form 10-Q for the period ended September 30, 2023 (the “second fiscal quarter 10-Q”), or until May 7, 2024, to regain compliance.

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