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Quantumsphere Acquisition Corporation (NASDAQ: QUMSU) announced that holders of its 8,280,000 units from its initial public offering will be able to trade ordinary shares and rights separately starting September 30, 2025.
The company's units will continue trading under QUMSU, while the separated components will trade under QUMS (ordinary shares) and QUMSR (rights) on the Nasdaq Global Market. Unit holders must contact Continental Stock Transfer & Trust Co. through their brokers to separate their units.
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.
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