This is a standard SPAC IPO with no revenue or operations. Monitor for announcements of a target business combination within the 18-month timeframe, as the stock price will react to the quality of the target and deal terms. The trust account provides a floor for the stock near $10.10.
Executive Summary
Quantum Leap Acquisition Corp completed its $200 million SPAC IPO, selling 20 million units at $10.00 each. The company is a blank-check vehicle targeting AI, quantum computing, and blockchain sectors with 18 months to complete a business combination. Proceeds of $202 million are held in trust, with no target identified yet.
Key Financial Metrics
Key Facts
- 20,000,000 units sold at $10.00 per unit, raising $200,000,000 gross
- Each unit consists of one Class A ordinary share and one redeemable warrant
- Underwriters have a 45-day option to purchase up to 3,000,000 additional units
- $202,000,000 deposited in trust account ($10.10 per unit)
- Sponsor purchased 594,500 private placement units at $10.00 each ($5,945,000)
- Company has 18 months from closing to complete an initial business combination
- No target business has been selected; no substantive discussions initiated
- Warrants exercisable at $11.50 per share, exercisable 30 days post-business combination
Financial Impact
Gross proceeds of $200,000,000 from the IPO, with $202,000,000 in trust (including private placement). Net tangible book value per share after offering ranges from $8.01 (no redemptions) to $0.23 (maximum redemptions).
Risk Factors
- No identified acquisition target; high risk of liquidation if no deal completed within 18 months
- Significant dilution from founder shares purchased at $0.00395 vs public at $10.00
- Competition for attractive targets in AI, quantum computing, and blockchain
- Potential conflicts of interest with sponsor and management
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 424B4 Filing (Primary) | 0001213900-26-051097 |
| Document: 0001213900-26-051097-index-headers.html | 0001213900-26-051097 |
| Document: 0001213900-26-051097-index.html | 0001213900-26-051097 |
| Document: 0001213900-26-051097.txt | 0001213900-26-051097 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 29, 2026 17w ago | 8-K | $9.93 $9.98 | ▲ +0.50% | ▲ +1.53% | $10.07 (+1.41%) |
Jun 18, 2026 18w ago | 8-K | — | awaiting T+20 | — | — |
May 18, 2026 23w ago | 8-K | $10.02 $10.00 | ▲ +0.20% | ▲ +1.19% | $10.07 (−0.50%) |
May 7, 2026 24w ago | 3 | $10.01 $10.00 | ▼ −0.10% | ▼ −0.12% | $10.07 (+0.60%) |
May 1, 2026 25w ago | 424B4 | $10.00 $10.01 | ▲ +0.10% | ▼ −5.55% | $10.07 (+0.70%) |
Apr 28, 2026 26w ago | S-1/A | — | awaiting T+20 | — | — |
Feb 26, 2026 34w ago | S-1/A | — | awaiting T+20 | — | — |
US Market Status
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