Quantumsphere Acquisition Corporation Announces Closing of $82,800,000 Initial Public Offering, Including Full Exercise of Underwriters’ Over-Allotment Option
Rhea-AI Summary
Quantumsphere Acquisition Corporation (NASDAQ: QUMS) has successfully completed its initial public offering, raising $82.8 million through the sale of 8,280,000 units at $10.00 per unit. The total includes the full exercise of the underwriters' over-allotment option for an additional 1,080,000 units.
Each unit comprises one ordinary share and one right, with the right entitling holders to receive one-seventh of an ordinary share upon completing an initial business combination. The units trade on NASDAQ under "QUMSU", with ordinary shares and rights to trade separately later under "QUMS" and "QUMSR" respectively. SPAC Advisory Partners, a division of Kingswood Capital Partners, served as the sole book-running manager.
Positive
- None.
Negative
- SPAC structure carries inherent risks of not finding suitable acquisition target
- Potential dilution for shareholders due to rights conversion feature
- Time pressure to complete business combination or face potential liquidation
Insights
QUMS successfully raised $82.8M in its IPO, signaling strong investor demand with full exercise of over-allotment option.
Quantumsphere Acquisition Corporation has successfully completed its $82.8 million initial public offering, pricing 8,280,000 units at $10.00 each. The offering included the full exercise of the underwriters' over-allotment option for an additional 1,080,000 units, indicating strong initial demand from investors.
Each unit comprises one ordinary share and one right, with the right convertible into one-seventh of an ordinary share upon completion of a business combination. The units began trading on Nasdaq under the symbol "QUMSU" on August 6, with the constituent securities expected to trade separately under "QUMS" and "QUMSR" in the future.
As a Special Purpose Acquisition Company (SPAC), Quantumsphere's sole purpose is to identify and merge with a private operating company, taking it public in the process. The full exercise of the over-allotment option (commonly called the "green shoe") suggests institutional investors see potential in the SPAC's management team and strategy.
SPAC Advisory Partners, a division of Kingswood Capital Partners, served as the sole book-running manager. The SEC declared the registration effective on August 5, 2025, completing the regulatory requirements for the offering. The successful raise gives Quantumsphere substantial capital to pursue acquisition targets, though investors should note the SPAC has not yet identified any specific acquisition candidate.
NEW YORK, Aug. 07, 2025 (GLOBE NEWSWIRE) -- Quantumsphere Acquisition Corporation (NASDAQ: QUMS, the “Company”) announced today that it has closed its initial public offering of 8,280,000 units at
The units are listed on the Nasdaq Global Market (“NASDAQ”) and began trading under the ticker symbol “QUMSU” on August 6, 2025. Once the securities comprising the units begin separate trading, the ordinary shares and rights are expected to be listed on NASDAQ under the symbols “QUMS,” and “QUMSR,” respectively.
SPAC Advisory Partners, a division of Kingswood Capital Partners, LLC acted as sole book running manager in the offering.
A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on August 5, 2025. The offering was made only by means of a prospectus, copies of which may be obtained, by contacting Kingswood Capital Partners, LLC, 126 East 56th Street, Suite 22S, New York, NY 10022, or by calling 212-487-1080 or emailing Syndicate@kingswoodUS.com. Copies of the registration statement can be accessed through the SEC’s website at www.sec.gov.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Quantumsphere Acquisition Corporation
Quantumsphere Acquisition Corporation is a blank check company formed for the purpose of effecting 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 will not be limited to a particular industry or geographic region.
Forward-Looking Statements
This press release includes forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.
Contact
Ping Zhang
Chief Executive Officer
Email: pzhang@quantamsphere.com
Tel: (212) 612-1400
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