OtherJun 15, 2026, 01:31 PM
Quantumsphere Acquisition Corp. Files 2026 Form 10-K
AI Summary
Quantumsphere Acquisition Corp. (QUMS) has filed its annual report on Form 10-K for the fiscal year ended March 31, 2026. The company, a blank check entity, completed its initial public offering (IPO) on August 7, 2025, raising $82.8 million by selling 8,280,000 units at $10.00 each. A simultaneous private placement raised an additional $2.29 million. The majority of the IPO proceeds are held in a trust account, intended for a future business combination. The company has an 18-month timeframe to identify and complete an acquisition, with a focus on businesses that can benefit from public market access and possess strong growth potential.
Key Highlights
- Quantumsphere Acquisition Corp. filed its annual report on Form 10-K for the year ended March 31, 2026.
- The company is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination.
- The IPO consisted of 8,280,000 units at $10.00 per unit, generating gross proceeds of $82,800,000.
- A private placement of 228,650 units was conducted simultaneously with the IPO, generating $2,286,500.
- Net proceeds of $82,800,000 from the IPO and private placement were placed in a trust account.
- The company has a deadline of 18 months from the IPO closing (August 7, 2025) to complete an initial business combination.
- The management team has experience in financial services, accounting, legal, and operating companies.
- The company's acquisition criteria include a strong management team, revenue and earnings growth potential, and potential for strong free cash flow generation.
Price Impact