Monitor shareholder vote on extension (current deadline Oct 25, 2026) and subsequent S-4 filing for audited financials and redemption levels. Redemption risk is high given SPAC market conditions; cash available post-closing is uncertain.
Price Chart
Executive Summary
Charlton Aria Acquisition Corp (CHAR) announced a definitive business combination agreement with KQC Quantum, Inc., valuing KQC at an $80 million pre-money equity value. CHAR's trust held approximately $93.5 million as of September 25, 2026, with a minimum cash condition of $30 million at closing. The deal is expected to close by June 30, 2027, and the combined company would trade on Nasdaq under the ticker 'KQC'.
Key Facts
- Business combination agreement signed October 6, 2026, between CHAR and KQC Quantum, Inc.
- Pre-money equity value of KQC: $80 million.
- CHAR trust held approximately $93.5 million as of September 25, 2026.
- Minimum cash condition at closing: $30 million.
- Closing targeted by June 30, 2027, subject to shareholder approval, Nasdaq listing, and regulatory conditions.
- KQC is an early-stage quantum computing and security company with limited operating history and history of losses.
- Financial statements not yet audited under PCAOB standards; conversion to U.S. GAAP pending.
Financial Impact
KQC valued at $80 million pre-money; CHAR trust of ~$93.5M provides potential growth capital, but net cash to KQC depends on redemptions and expenses.
Risk Factors
- Failure to obtain shareholder approval for business combination or extension.
- High redemptions reducing cash available below $30M minimum.
- KQC's early-stage status, history of losses, and unproven commercial traction.
- Regulatory and geopolitical risks from Korea operations.
- Dilution from founder shares, rights, earnout shares, and convertible instruments.
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001213900-26-107744 |
| Document: ea0307998-8k425_charlton.htm | 0001213900-26-107744 |
| Document: ea030799801ex99-2.htm | 0001213900-26-107744 |
| Document: 0001213900-26-107744-index-headers.html | 0001213900-26-107744 |
| Document: 0001213900-26-107744-index.html | 0001213900-26-107744 |
| Document: 0001213900-26-107744.txt | 0001213900-26-107744 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 4d ago | 8-K | $11.00 | awaiting T+5 | — | $10.99 (−0.05%) |
Oct 22, 2026 5d ago | 425 | $11.00 | awaiting T+5 | — | $10.99 (−0.05%) |
Oct 22, 2026 5d ago | 8-K | $11.00 | awaiting T+5 | — | $10.99 (−0.05%) |
Oct 8, 2026 19d ago | 425 | $11.00 $10.96 | ▼ −0.36% | ▼ −0.09% | $10.99 (−0.05%) |
Oct 8, 2026 19d ago | 8-K | $11.00 $10.96 | ▼ −0.36% | ▼ −0.09% | $10.99 (−0.05%) |
Oct 7, 2026 20d ago | DEF 14A | $11.00 $10.99 | ▼ −0.05% | ▲ +0.93% | $10.99 (−0.01%) |
Oct 7, 2026 20d ago | 425 | $11.00 $10.99 | ▼ −0.05% | ▲ +0.93% | $10.99 (−0.01%) |
Oct 7, 2026 20d ago | 8-K | $11.00 $10.99 | ▼ −0.05% | ▲ +0.93% | $10.99 (−0.01%) |
Aug 5, 2026 11w ago | 8-K | $10.89 $10.91 | ▲ +0.18% | ▼ −0.17% | $10.99 (+0.96%) |
Jul 28, 2026 13w ago | 8-K | $10.89 $10.89 | · 0.00% | ▼ −5.53% | $10.99 (+0.96%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers