Quantumsphere Acquisition Corp (QUMS) Form 10-Q — Aug 14, 2026
Quantumsphere Acquisition Corporation, a Cayman Islands blank check company, disclosed substantial doubt about its ability to continue as a going concern in its 10-Q for the quarter ended June 30, 2026. The SPAC has until February 6, 2027 to complete its pending business combination with Singapore-based SACH Pte. Ltd., a transaction valuing the target at approximately $300 million, or it must liquidate and redeem public shares. The company reported quarterly net income of $574,013, driven almost entirely by $751,010 of interest earned on its $85.6 million trust account, offset by $177,441 of general and administrative expenses.
Key figures
- Eps
- 0.05
- Net Income
- 574013
- Total Assets
- 85728354
- Cash Position
- 4901
- Deal Value Usd
- 300000000
- Shares Outstanding
- 11406650
- Trust Account
- 85597135
- Ipo Gross Proceeds
- 82800000
- Redeemable Shares
- 8280000
- Non Redeemable Shares
- 3126650
- Trust Interest Income
- 751010
- Working Capital Deficit
- 143042
- Deferred Underwriting Fee
- 3312000
- General And Admin Expenses
- 177441
- Redemption Value Per Share
- 10.34
- Private Placement Proceeds
- 2286500
- Merger Agreement Outside Date
- July 31, 2026
- Business Combination Deadline
- February 6, 2027
Price after filing
Close on the filing date to close N calendar days later (from $10.31). Historical, not a forecast.
AI analysis
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