Quantum Leap Acquisition Corp completed its initial public offering of 20,000,000 units at $10.00 per unit, raising gross proceeds of $200,000,000. Each unit includes one Class A ordinary share and one redeemable warrant. A concurrent private placement of 594,500 units at $10.00 per unit generated an additional $5,945,000, and a total of $202,000,000 was deposited into a U.S. trust account at $10.10 per public share. The audited balance sheet as of May 4, 2026 shows total assets of $203,808,557 and a shareholders’ deficit, and the auditor highlighted substantial doubt about the company’s ability to continue as a going concern because it has limited cash and must fund significant costs while seeking a business combination.
Paddington Partners 88 LLC, Euphoria Capital and Kervin Pillay report beneficial ownership of 6,929,500 Class A ordinary shares of Quantum Leap Acquisition Corp on an as-converted basis, representing about 25.7% of the company as of May 4, 2026.
The stake consists of 6,325,000 Class B founder shares held by the sponsor, which convert one-for-one into Class A shares and are partly subject to forfeiture, plus 594,500 Class A shares from private placement units bought at the IPO. Related private placement warrants for 594,500 additional Class A shares are excluded because they are not exercisable within 60 days.
Quantum Leap is a blank check company formed to pursue a business combination. The sponsor group has agreed to vote its founder and private placement shares in favor of an initial business combination, not redeem those shares in connection with such a transaction, and to respect lock-up and transfer restrictions set out in a letter and registration rights agreements.
Quantum Leap Acquisition Corp director and Chief Operating Officer David James Chapman filed an initial ownership report. The Form 3 shows he beneficially holds 10,000 Class B Ordinary Shares (Founder Shares) directly, with no purchases or sales reported in this filing.
Quantum Leap Acquisition Corp reports that Millennium Management LLC, Millennium Group Management LLC and Israel A. Englander together disclose shared beneficial interests in 1,250,000 shares of Class A Ordinary Shares (CUSIP G73167119), representing 6.1% of the class.
The filing states these shares are held by entities over which Millennium Management LLC and related managers have voting and investment discretion. The parties signed a Joint Filing Agreement dated May 6, 2026.