| Line Item | 2026-03-31 | Q/Q | Y/Y |
|---|---|---|---|
| Net Income | -$48K | — | — |
| EPS (Basic) | -$0.01 | — | — |
| EPS (Diluted) | -$0.01 | — | — |
| Line Item | 2026-03-31 | Q/Q | Y/Y |
|---|---|---|---|
| Cash & Equivalents | $89K | +0.0% | — |
| Accounts Receivable | $100 | +0.0% | — |
| Current Assets | $127K | +7.4% | — |
| Total Assets | $399K | +18.3% | — |
| Current Liabilities | $500K | +28.1% | — |
| Stockholders' Equity | -$101K |
| Line Item | 2026-03-31 | Q/Q | Y/Y |
|---|---|---|---|
| Operating Cash Flow | -$18K | — | — |
| Financing Cash Flow | $18K | — | — |
Business Overview
Quantum Leap Acquisition Corp is a blank check SPAC incorporated in the Cayman Islands on December 5, 2025, with no operational activity as of March 31, 2026. The Company completed its Initial Public Offering on May 4, 2026, raising $200 million in gross proceeds from the sale of 20 million units at $10.00 per unit, along with concurrent private placement proceeds of $5.945 million. The Company intends to identify and consummate a business combination with one or more operating businesses within 18-36 months, with substantially all net proceeds held in a trust account and invested in U.S. government securities.
Forward Guidance
The Company expects to incur significant expenses as a result of identifying and evaluating prospective initial Business Combination candidates, performing due diligence on prospective target businesses, paying for travel expenditures, selecting the target business to merge with or acquire, and structuring, negotiating and consummating the Business Combination. The Company must complete a Business Combination within 18 months from closing of the Initial Public Offering, or up to 36 months if the period is extended in full, or it will cease operations and redeem 100% of outstanding Public Shares.
Key Risk Factors
Key risks include: (1) the Company has not yet identified a target business and there is no assurance it will successfully effect a business combination within the required timeframe; (2) the Company's ability to complete a business combination is dependent on identifying suitable targets meeting the 80% fair market value threshold and obtaining shareholder approval; (3) if no business combination is completed within the Combination Period (18-36 months), the Company must liquidate and return funds to shareholders, which may result in per-share values below the initial $10.00 offering price due to trust account claims and transaction costs; (4) the Company has a working capital deficit of $372,921 at March 31, 2026, raising substantial doubt about going concern absent sponsor financing; (5) the Sponsor's indemnification obligations are limited and the Sponsor may lack sufficient resources to satisfy claims against the trust account.
| -90.7% |
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