Quantumsphere Acquisition Corp (QUMS) Form 8-K — Oct 13, 2026
$QUMSForm 8-KItems 1.01, 7.01, 9.01Filed Oct 13, 2026, 4:05 PM ET0001829126-26-011072Original filing
Quantumsphere Acquisition Corporation (QUMS) has entered into a definitive merger agreement dated October 9, 2026 to acquire Fortune Favor Technology Inc., a Cayman Islands company providing technology consulting and cold-chain transportation solutions for temperature-sensitive medical products. Under the deal, Fortune Favor is valued at approximately $600,000,000 pre-money, with each Purchaser Ordinary Share valued at $10.00. SPAC ordinary shares convert 1:1 into Purchaser shares and each right converts into one-seventh of a Purchaser share.
Key figures
- Deal Value Usd
- 600000000
- Offering Price
- 10
- Pre Money Valuation
- $600,000,000
- Break Up Fee
- $500,000
- Lock Up Minimum Days
- 180
- Lock Up Early Exit Price
- $12.50 per share for 20 of 30 trading days
- Post Closing Board Seats
- 5
- Termination Delay Period
- six months
- Rights conversion ratio
- 1/7 Purchaser Ordinary Share per right
AI analysis
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