Here are the 10-Q quarterly reports from Quantum Leap Acquisition Corp (QLEP) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow QLEP and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full QLEP filings page.
Quantum Leap Acquisition Corp., a Cayman Islands SPAC, reported its first post-IPO quarter for the period ended June 30, 2026. It completed an IPO and over-allotments totaling 23,000,000 Units at $10.00 each, plus 654,500 private placement units, and placed $232,300,000 in a Trust Account, which grew to $233,314,639 with interest.
The company has not begun operating activities and recorded net income of $621,169 for the six months ended June 30, 2026, driven by $1,014,639 of interest on Trust investments, partially offset by $393,470 of formation and operating expenses. Cash outside the Trust was $1,257,143 with working capital of $1,462,441. Management discloses substantial doubt about its ability to continue as a going concern given limited liquidity and the need to complete a Business Combination within the defined Combination Period. Disclosure controls and procedures were concluded to be not effective.
Quantum Leap Acquisition Corp. reported its first quarterly results as a blank check company, posting a net loss of $48,012 for the three months ended March 31, 2026. Operations to date have been limited to formation and preparation for its initial public offering.
As of March 31, 2026, the company held cash of $89,031, total assets of $398,860, current liabilities of $499,831 and a shareholders’ deficit of $100,971, resulting in a working capital deficit and substantial doubt about its ability to continue as a going concern.
Subsequent to quarter-end, the SPAC completed its IPO and a partial over-allotment, issuing 20,917,392 units at $10.00 each and selling additional private placement units, with a total of $211,265,659 placed in a trust account to fund a future business combination.