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Quantumsphere Acquisition Corporation (QUMSU) priced its initial public offering of 7.2 million units at $10.00 per unit on August 5, 2025, according to a company statement.
The units began trading on the Nasdaq Global Market under the ticker symbol "QUMSU" on August 6, 2025. 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 completion of an initial business combination.
Once the securities begin separate trading, the ordinary shares and rights will be listed on Nasdaq under the symbols "QUMS" and "QUMSR," respectively.
SPAC Advisory Partners, a division of Kingswood Capital Partners, LLC, is serving as sole book-running manager for the offering. The underwriters have a 45-day option to purchase up to an additional 1.08 million units to cover over-allotments.
The offering is expected to close on August 7, 2025, subject to customary closing conditions. The Securities and Exchange Commission declared the registration statement effective on August 5, 2025.
Quantumsphere Acquisition Corporation is a blank check company formed to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company’s efforts to identify a prospective target business are not limited to a particular industry or geographic region.
The Cayman Islands exempted company is led by Chief Executive Officer Ping Zhang.