Clawback policy added in Quantumsphere (QUMS) 10-K/A without other changes
Filing Impact
Filing Sentiment
Form Type
10-K/A
Rhea-AI Filing Summary
Quantumsphere Acquisition Corporation filed Amendment No. 1 to its annual report for the year ended March 31, 2026. The amendment’s sole purpose is to add the company’s Clawback Policy as Exhibit 97.1; it does not change or update any other disclosures in the original filing.
As of May 31, 2025, ordinary shares held by non-affiliates had an aggregate market value of $84,787,200, and as of June 29, 2026, there were 10,936,105 ordinary shares issued and outstanding.
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Key Figures
Non-affiliate market value: $84,787,200
Shares outstanding: 10,936,105 ordinary shares
Par value per share: $0.0001 per share
+2 more
5 metrics
Non-affiliate market value
$84,787,200
Aggregate market value of ordinary shares held by non-affiliates as of May 31, 2025
Shares outstanding
10,936,105 ordinary shares
Issued and outstanding as of June 29, 2026
Par value per share
$0.0001 per share
Par value of ordinary shares
Form type
Amendment No. 1 to Form 10-K
Amendment for year ended March 31, 2026
Exhibit added
Exhibit 97.1
Clawback Policy filed with the amendment
Key Terms
Clawback Policy, emerging growth company, smaller reporting company, Section 404(b) of the Sarbanes-Oxley Act, +1 more
5 terms
Clawback Policy financial
"This Amendment is being filed solely to include the Company’s Clawback Policy as Exhibit 97.1"
A clawback policy is a company rule that lets the firm take back pay, bonuses or stock awards from current or former executives if results are later found to be incorrect, misconduct occurred, or targets were missed. It matters to investors because it helps protect the value of their holdings by discouraging risky or fraudulent behavior and ensuring executive rewards reflect real, verified performance—think of it as a return policy for executive pay.
emerging growth company regulatory
"See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company”"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
smaller reporting company regulatory
"See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company”"
A smaller reporting company is a publicly traded firm that meets regulatory size tests allowing it to provide abbreviated financial disclosures and compliance filings compared with larger companies. For investors, that means financial statements and notes may be less detailed, which can make it harder to compare performance or spot risks—think of reading a short summary instead of a full report when deciding whether to buy or hold a stock.
Section 404(b) of the Sarbanes-Oxley Act regulatory
"attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act"
Registration Rights Agreement financial
"Registration Rights Agreement by and between the Registrant and Insiders"
A registration rights agreement is a contract that gives investors the option to have their ownership stakes officially registered with the government, making it easier to sell their shares later. This agreement matters because it provides investors with a clearer path to cash out their investments if they choose, offering more liquidity and confidence in their ability to sell their holdings when desired.
FAQ
What is Quantumsphere Acquisition Corporation’s 10-K/A about for QUMS?
The 10-K/A is an amendment adding Quantumsphere Acquisition Corporation’s Clawback Policy as Exhibit 97.1. It does not alter financial results or other disclosures in the original annual report for the year ended March 31, 2026, and makes no additional substantive changes.
Does the Quantumsphere (QUMS) 10-K/A change prior financial disclosures?
No, the amendment does not change prior financial disclosures or narrative sections. It explicitly states that no other changes were made to the original Form 10-K, and it does not reflect events occurring after that filing, aside from adding the Clawback Policy exhibit.
What securities of Quantumsphere (QUMS) are listed on Nasdaq?
Quantumsphere lists units, ordinary shares, and rights on Nasdaq. The units trade under QUMSU, the ordinary shares under QUMS, and the rights under QUMSR, with each right entitling its holder to receive one-seventh of one ordinary share.
What is the purpose of the Clawback Policy added in Quantumsphere’s 10-K/A?
The filing specifies only that a Clawback Policy is filed as Exhibit 97.1. While details are in the exhibit itself, clawback policies generally address potential recovery of incentive-based compensation under specified conditions, aligning with stock exchange and regulatory requirements.