QLEP Quantum Leap Acquisition Corp
Executive Summary
Quantum Leap Acquisition Corp completed its $200 million SPAC IPO, selling 20 million units at $10.00 each. The company is a blank-check vehicle targeting AI, quantum computing, and blockchain sectors with 18 months to complete a business combination. Proceeds of $202 million are held in trust, with no target identified yet.
Key Financial Metrics
Actionable Insight
This is a standard SPAC IPO with no revenue or operations. Monitor for announcements of a target business combination within the 18-month timeframe, as the stock price will react to the quality of the target and deal terms. The trust account provides a floor for the stock near $10.10.
Key Facts
- 20,000,000 units sold at $10.00 per unit, raising $200,000,000 gross
- Each unit consists of one Class A ordinary share and one redeemable warrant
- Underwriters have a 45-day option to purchase up to 3,000,000 additional units
- $202,000,000 deposited in trust account ($10.10 per unit)
- Sponsor purchased 594,500 private placement units at $10.00 each ($5,945,000)
- Company has 18 months from closing to complete an initial business combination
- No target business has been selected; no substantive discussions initiated
- Warrants exercisable at $11.50 per share, exercisable 30 days post-business combination
Financial Impact
Gross proceeds of $200,000,000 from the IPO, with $202,000,000 in trust (including private placement). Net tangible book value per share after offering ranges from $8.01 (no redemptions) to $0.23 (maximum redemptions).
Risk Factors
- No identified acquisition target; high risk of liquidation if no deal completed within 18 months
- Significant dilution from founder shares purchased at $0.00395 vs public at $10.00
- Competition for attractive targets in AI, quantum computing, and blockchain
- Potential conflicts of interest with sponsor and management
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 424B4 Filing (Primary) | 0001213900-26-051097 |
| Document: 0001213900-26-051097-index-headers.html | 0001213900-26-051097 |
| Document: 0001213900-26-051097-index.html | 0001213900-26-051097 |
| Document: 0001213900-26-051097.txt | 0001213900-26-051097 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
May 18, 2026
25d ago
|
8-K
| $10.02 $10.00 | ▲ +0.20% | ▲ +2.49% | — |
|
May 7, 2026
5w ago
|
3
| $10.01 $10.00 | ▼ −0.10% | ▼ −1.56% | — |
|
May 2, 2026
6w ago
|
424B4
| $10.00 $10.01 | ▲ +0.10% | ▼ −2.84% | — |
|
Apr 28, 2026
6w ago
|
S-1/A
| — | awaiting T+5 | — | — |
|
Feb 27, 2026
15w ago
|
S-1/A
| — | awaiting T+5 | — | — |
US Market Status
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