Quantum Leap Acquisition Corp Announces Pricing of $200 Million Initial Public Offering
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Author of the article:You can save this article by registering for free here. Or sign-in if you have an account.MENLO PARK, Calif. — Quantum Leap Acquisition Corp (“Quantum Leap” or the “Company”) today announced the pricing of its initial public offering (“IPO”) of 20,000,000 units at an offering price of $10.00 per unit, with each unit consisting of one Class A ordinary share and one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share of the Company at a price of $11.50 per share, subject to certain adjustments. The units are expected to trade on The New York Stock Exchange (“NYSE”) under the ticker symbol “QLEPU” beginning May 1, 2026. The Company expects the IPO to close on May 4, 2026, subject to customary closing conditions. Once the securities comprising the units begin separate trading, the ordinary shares and the rights are expected to be traded on NYSE under the symbols “QLEP” and “QLEPW,” respectively.Subscribe now to read the latest news in your city and across Canada.Subscribe now to read the latest news in your city and across Canada.Create an account or sign in to continue with your reading experience.Create an account or sign in to continue with your reading experience.A.G.P./Alliance Global Partners is acting as sole book-running manager for the offering.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.The Company has granted the underwriters a 45-day option to purchase up to 3,000,000 additional units at the initial public offering price, less underwriting discounts and commissions, to cover over-allotments, if any.A registration statement on Form S-1 relating to the securities, as amended (File No. 333-293359) was previously filed with the Securities and Exchange Commission (“SEC”) and declared effective on April 30, 2026. This offering is being made only by means of a prospectus forming part of the effective registration statement. Copies of the prospectus may be obtained on the SEC’s website at http://www.sec.gov. Electronic copies of the prospectus may be obtained from A.G.P./Alliance Global Partners, 590 Madison Avenue, 28th Floor, New York, NY 10022, or by telephone at (212) 624-2060, or by email at prospectus@allianceg.com.Quantum Leap is a blank check company that was formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. While the Company may pursue an acquisition in any business, industry, sector, or geographic location (with the exception of China, Hong Kong, Taiwan and Macau), it intends to focus on target companies within the artificial intelligence (“AI”), quantum computing, and blockchain technology sectors.Quantum Leap is led by Chief Executive Officer Kervin Pillay, Chairman and Chief Financial Officer Haydar Haba, and Chief Operating Officer David James Chapman. Messrs. Pillay, Haba, and Chapman have more than six decades of collective experience in the AI, quantum computing, cybersecurity, and blockchain technology industries. While the Company may pursue a business combination with a target in any sector, the Company plans to focus on leveraging the unique strengths of its leadership team to identify, acquire, and operate a business or businesses that can benefit from their operating and capital markets experience, sector expertise, and established global relationships across these industries.This press release contains statements that constitute “forward-looking statements,” including with respect to the proposed initial public offering, listing on the NYSE, satisfaction of closing conditions, the acquisition of a business and the anticipated use of the net proceeds. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and preliminary prospectus for the Company’s offering filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law. https://www.businesswire.com/news/home/20260430004399/en/ContactsQuantum Leap Acquisition CorpScott Deveau / Nate JohnsonAugust Strategic Communications(323) 892-5562Postmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. 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