05:02 PM EDT, 03/25/2024 (MT Newswires) -- Quantum (QMCO) said Monday it submitted a request to the Nasdaq Hearings Panel to present its plan to comply with the exchange's continued listing requirements.

The request asks for a 180-day extension in the delisting schedule, which had been set for March 28, the company said in a regulatory filing.

Quantum said its shares will remain listed on the exchange until the outcome of the hearing.

The company also said it amended its term loan credit agreement and a restated revolving credit agreement for the sale of assets to repay outstanding term loans.