| Line Item | 2025-03-31 | Y/Y |
|---|---|---|
| SG&A Expense | $18K | — |
| Operating Income | -$18K | — |
| Pre-tax Income | -$16K | — |
| Net Income | -$16K | — |
| Line Item | 2025-03-31 | Y/Y |
|---|---|---|
| Cash & Equivalents | $0 | — |
| Current Assets | $117K | — |
| Total Assets | $249K | — |
| Current Liabilities | $240K | — |
| Total Liabilities | $240K | — |
| Stockholders' Equity | $9K | — |
| Line Item | 2025-03-31 | Y/Y |
|---|---|---|
| Operating Cash Flow | -$69K | — |
| Investing Cash Flow | -$82.8M | — |
| Financing Cash Flow | $133K | — |
Business Overview
Quantumsphere Acquisition Corporation is a blank check company incorporated in July 2024 with the purpose of identifying and completing a merger, share exchange, asset acquisition, or similar business combination with one or more target businesses. The company completed its initial public offering in August 2025, raising $82.8 million in gross proceeds with an additional $2.3 million from a private placement. Since inception, the company's sole business activity has been identifying and evaluating suitable acquisition transaction candidates, and it has entered into a business combination agreement as part of its strategy to complete an initial business combination.
Forward Guidance
"We will seek to capitalize on the strength of our management team." "We believe that we will add value to these businesses primarily by providing them with access to the U.S. capital markets." "We will have until 18 months from the closing of our initial public offering to consummate an initial business combination." "We anticipate structuring our initial business combination so that the post-transaction company in which our public shareholders own shares will own or acquire 100% of the equity interests or assets of the target business or businesses."
Key Risk Factors
Key risks include: (1) The company's lack of prior experience consummating a business combination as a blank check company, with no assurance that management will successfully complete a business combination; (2) Intense competition from other well-established entities such as other blank check companies, private equity groups, and venture capital funds that possess greater financial, technical, and human resources; (3) Limited financial resources that constrain the ability to acquire larger target businesses and the requirement that target businesses represent at least 80% of trust account value; (4) Potential conflicts of interest as officers and directors allocate time to other businesses and board positions; (5) Dependence on identifying suitable target businesses with compelling economics, clear paths to positive cash flow, and experienced management teams willing to go public.