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Quantumsphere Acquisition Corp (NASDAQ:QUMSU) announced it completed its initial public offering on August 7, 2025, selling a total of 8,280,000 units at $10.00 per unit. The offering included the full exercise of the underwriter’s over-allotment option for 1,080,000 additional units. Gross proceeds from the IPO reached $82,800,000.
Each unit consists of one ordinary share and one right, with each right entitling the holder to receive one-seventh of one ordinary share upon the completion of the company’s initial business combination. The ordinary shares and rights are also traded separately under the symbols NASDAQ:QUMS and NASDAQ:QUMSR, respectively.
Simultaneously with the IPO closing, Quantumsphere Acquisition Corp completed a private placement with its sponsor, Whiteowl Holdings LLC, which purchased 228,650 units at $10.00 per unit, generating $2,286,500 in gross proceeds.
According to the company, a total of $82,800,000 from the IPO and private placement net proceeds were placed in a trust account for the benefit of public shareholders.
The company also issued an audited balance sheet as of August 7, 2025, reflecting the receipt of proceeds from the IPO and private placement, as included in its SEC filing. The information in this article is based on a press release statement and the company’s Form 8-K filed with the Securities and Exchange Commission.
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