Quantum Leap Acquisition Corp announced the successful closing of its $200 million initial public offering, a move that injects significant capital into a new blank-check company focused on high-growth technology sectors. The offering of 20,000,000 units priced at $10.00 per unit began trading on the New York Stock Exchange on May 1, 2026.
"This successful IPO provides us with the capital to pursue a strategic merger with a company that can benefit from our leadership's deep sector expertise," Kervin Pillay, Chief Executive Officer of Quantum Leap, said. A.G.P./Alliance Global Partners acted as the sole book-running manager for the offering.
The units are listed on the NYSE under the ticker symbol "QLEPU" and consist of one Class A ordinary share and one redeemable warrant. Each whole warrant entitles the holder to purchase one share at a price of $11.50. The company has stated that once the securities comprising the units begin separate trading, the ordinary shares and warrants are expected to trade under the symbols "QLEP" and "QLEPW," respectively.
As a special purpose acquisition company (SPAC), Quantum Leap was formed for the purpose of a merger or similar business combination. The company intends to leverage the more than 60 years of collective experience of its leadership team, which includes Chairman and CFO Haydar Haba and COO David James Chapman, to identify and acquire a business in the artificial intelligence, quantum computing, or blockchain industries. While the company may pursue targets in any geographic location, it has excluded China, Hong Kong, Taiwan, and Macau from its search.
This article is for informational purposes only and does not constitute investment advice.
