Monitor for effectiveness of registration statement and subsequent listing on NYSE. The SPAC structure implies high dilution risk from founder shares; track any target announcement or deadline extension filings.
Executive Summary
Quantum Leap Acquisition Corp filed Amendment No. 3 to its S-1 registration statement for a $200 million SPAC IPO. The amendment addresses SEC comments but does not change the offering terms: 20 million units at $10.00 each, with $202 million placed in trust. The company has 18 months to complete an initial business combination targeting AI, quantum computing, or blockchain sectors.
Key Facts
- Offering of 20,000,000 units at $10.00 per unit, gross proceeds $200 million
- Trust account of $202 million ($10.10 per unit) established from IPO proceeds and sponsor private placement
- Sponsor purchased 6,325,000 founder shares for $25,000 (nominal price), causing substantial dilution
- 18 months from effective date to complete initial business combination
- Focus on AI, quantum computing, and blockchain targets (excluding Greater China)
Financial Impact
Offering size $200M with $202M in trust; sponsor paid $25K for 25% economic interest post-IPO
Risk Factors
- May fail to complete a business combination within 18 months, leading to liquidation at ~$10.10 per share
- Sponsor nominal cost for founder shares creates misaligned incentives for deal quality
- No identified target and limited operating history; no revenues until combination
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| S-1/A Filing (Primary) | 0001213900-26-048461 |
| Document: ea028795401ex-fee.htm | 0001213900-26-048461 |
| Document: ea028795401ex23-1.htm | 0001213900-26-048461 |
| Document: 0001213900-26-048461-index-headers.html | 0001213900-26-048461 |
| Document: 0001213900-26-048461-index.html | 0001213900-26-048461 |
| Document: 0001213900-26-048461.txt | 0001213900-26-048461 |
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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