Quantum Corporation Raises $67.5 Million In Oversubscribed Rights Offering

A Pillsbury team in Silicon Valley led by Corporate partner Jim Masetti advised Quantum Corporation in the closing of its recent Rights Offering. Through broad participation from outside investors and with all eligible directors and officers participating, the Rights Offering was substantially oversubscribed, resulting in the company raising the maximum available of $67.5 million and issuing 30 million shares, according to a press release.