Quantumsphere Acquisition Corp (QUMS) Form 10-K — Jun 15, 2026
Quantumsphere Acquisition Corp (QUMS) has entered into a definitive merger agreement with SACH Pte. Ltd., a Singapore-based company operating in gaming, technology, e-commerce, and live events. The deal values SACH at $300 million, with consideration payable entirely in newly issued shares of the combined public company. The filing reveals significant financial fragility, with management disclosing 'substantial doubt about the Company’s ability to continue as a going concern.' As of March 31, 2026, the company held only $187,907 in cash outside its trust account, relying on the $82.8 million trust balance and potential sponsor loans to fund operations and close the deal.
Key figures
- Revenue
- 0
- Net Income
- 978206
- Cash Position
- 187907
- Deal Value Usd
- 300000000
- Gross Proceeds
- 82800000
- Working Capital
- 43556
- Shares Outstanding
- 11406650
- Finder Success Fee
- 3500000
- Sponsor Loans Total
- 1000000
- Finder Retainer Paid
- 300000
- Trust Account Balance
- 82800000
- Deferred Underwriting Fee
- 3312000
- Administrative Services Expense
- 120000
Price after filing
Close on the filing date to close N calendar days later (from $10.23). Historical, not a forecast.
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.