Entry into a Material Definitive Agreement · Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · Regulation FD Disclosure
Item 1.01 Entry into a Material Definitive Agreement. On September 28, 2026, Quanome Technologies, Inc. (Nasdaq: QNME, the “Company”) entered into a Revolving Loan Agreement (the “Loan Agreement”) with Yang Li, the Company’s Chairman of the Board and Chief Executive Officer (the “Lender”), pursuant to which the Company may from time to time request loan advances in an aggregate principal amount ou…
Filed Oct 1, 2026Accepted Oct 1, 2026, 4:09 PM EDTCIK 1996192Accession 0001213900-26-105778
Quanome Technologies, Inc. (Nasdaq: QNME) focuses on opportunities across Quantum and AI Systems, Quantum Life Sciences - Molecular Discovery, Advanced Nuclear, and Quantum-Safe Cybersecurity. The Company combines commercial initiatives with the development of a global scientific network through its Global Quantum Council and Scientific Advisory Network. Through XDT, Quanome is developing an AI computing business designed to provide managed access to dedicated computing capacity.
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Item 1.01Item 1.01 - Entry into Material Agreement
Item 1.01 Entry into a Material Definitive
Agreement.
On September 28, 2026, Quanome Technologies, Inc.
(Nasdaq: QNME, the “Company”) entered into a Revolving Loan Agreement (the “Loan Agreement”) with Yang Li, the
Company’s Chairman of the Board and Chief Executive Officer (the “Lender”), pursuant to which the Company may from time
to time request loan advances in an aggregate principal amount outstanding at any time of up to $15.0 million. On September 28, 2026,
the transaction was reviewed and approved independently by the Audit Committee of Quanome’s Board of Directors, which is comprised solely
of three independent directors.
Pursuant to the Loan Agreement, each loan advance
is subject to the Lender’s written approval. Subject to the terms of the Loan Agreement, amounts borrowed and repaid may be reborrowed
during the draw period. The Company may prepay outstanding amounts at any time without premium or penalty. Amounts funded under the Loan
Agreement bear interest at a rate of 6.0% per annum, payable monthly in arrears. The proceeds of any loan advances may be used for working
capital and general corporate purposes. The Loan Agreement matures three months after its effective date; provided that, if Mr. Li ceases
to serve as both Chairman of the Board and Chief Executive Officer of the Company, all outstanding amounts will become due and payable
30 calendar days after he ceases to serve in the second of those capacities.
The Loan Agreement contains customary representations
and warranties, affirmative and negative covenants and events of default. In addition, the Lender may terminate the availability of further
loan advances at any time upon written notice to the Company, subject to the Lender’s obligation to fund any loan advance previously
approved in accordance with the Loan Agreement.
The foregoing description of the Loan Agreement
does not purport to be complete and is qualified in its entirety by reference to the full text of the Loan Agreement, which the Company
intends to file as an exhibit to its Quarterly Report on Form 10-Q for the quarter ended September 30, 2026.
Item 2.03Item 2.03 - Creation of Direct Financial Obligation
Item 2.03 Creation of a Direct Financial Obligation
or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information set forth in Item 1.01 of this
Current Report on Form 8-K is incorporated herein by reference.
Item 7.01Item 7.01 - Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure.
On October 1, 2026, the Company issued a press
release titled “Quanome CEO to Back Quantum Strategy with Up to $15 Million in Non-Dilutive Growth Capital.” A copy of the
press release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference.
The information in this Item 7.01, including Exhibit
99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange
Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under
the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.
Filed exhibits (1)
EX-99.1 (by filename) ea030730801ex99-1.htm
Exhibit 99.1
Quanome CEO to Back Quantum Strategy with
Up to $15 Million in Non-Dilutive Growth Capital
Insider Scaled Capital Support Reflects
Confidence in Quanome’s Strategic Direction and Future Potential
NEW YORK, NY, Oct. 01, 2026 (GLOBE NEWSWIRE)
-- Quanome Technologies, Inc. (Nasdaq: QNME) (“Quanome” or the “Company”), has entered into a revolving loan
agreement with the Company’s CEO and Chairman, Yang Li, for up to $15 million in non-dilutive growth capital. The arrangement gives
Quanome an additional potential source of capital as it executes its strategic priorities in the quantum computing space.
Approved advances will bear interest at 6.0% per
annum. The instrument is revolving, meaning amounts repaid may be borrowed again during the draw period, subject to the agreement’s repayment
terms and Mr. Li’s approval of each borrowing request. Any proceeds will be used for working capital and general corporate purposes.
The transaction was reviewed and approved independently
by the Audit Committee of Quanome’s Board of Directors. The committee determined that the agreement and the transactions it contemplates
are fair and reasonable to the Company and in, or not inconsi…