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NEW YORK - Quantumsphere Acquisition Corporation (NASDAQ:QUMSU), currently valued at $115.05 million with shares trading at $10.09, announced that holders of its 8,280,000 units will be able to separately trade the ordinary shares and rights included in those units, beginning on September 30, 2025.
According to a press release statement, the ordinary shares and rights are expected to trade on the Nasdaq Global Market under the symbols "QUMS" and "QUMSR" respectively, while any unseparated units will continue trading under the current "QUMSU" symbol. InvestingPro data shows the stock has maintained notably low price volatility, with 6 additional key insights available to subscribers.
Unit holders wishing to separate their units into individual components will need to contact Continental Stock Transfer & Trust Co., the company’s transfer agent, through their brokers.
Quantumsphere Acquisition Corporation is a blank check company, also known as a special purpose acquisition company (SPAC), formed to execute a business combination with another company. The firm has not limited its search for potential target businesses to any specific industry or geographic region.
The Cayman Islands exempted company completed its initial public offering earlier this year. The announcement represents a standard milestone in the SPAC lifecycle, allowing investors more flexibility in how they hold their investment in the company as it seeks a merger target.
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