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AI brief of an SEC Form 8-K · Quantum Leap Acquisition Corp (QLEP)

Quantum Leap Acquisition closes IPO over-allotment; trust account holds $233,146,313

Neutral Impact 3 of 5 financing Written later

Quantum Leap Acquisition Corp said the underwriter fully exercised its over-allotment option, bringing the IPO to 3,000,000 additional units, and that $233,146,313 is now held in its U.S. trust account. Its Class A shares and warrants began separate trading on the New York Stock Exchange on June 23, 2026, and the audited June 22, 2026 balance sheet reports cash of $1,117,818 with an auditor's going-concern doubt.

Key points

  • Underwriter fully exercised the over-allotment option, with the remaining 2,082,608 units closing June 22, 2026 for gross proceeds of $20,826,080 at $10.00 per unit
  • Trust account held $233,146,313 following the closing of the over-allotment exercise
  • Class A shares (QLEP) and warrants (QLEP WS) began separate NYSE trading on June 23, 2026; units no longer trade
  • Auditor Adeptus Partners, LLC cited substantial doubt about the company's ability to continue as a going concern

The filing

CompanyQuantum Leap Acquisition Corp (QLEP)
Form8-K, current report
Filed with the SECJul 8, 2026, 4:05 PM ET
Accession number0001213900-26-076355

Items reported: 8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:48 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 08, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.