Quantumsphere Acquisition Corporation (NASDAQ:QUMSU) announced the pricing of its upsized $72 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “QUMSU”, Wednesday, August 6, 2025.
The new SPAC aims to combine with a target company in a large under penetrated market with favorable industry dynamics.
Quantumsphere’s management team is led by Chairman, CEO and CFO Ping Zhang. Wei (Victor) Zhang, Daniel M. McCabe and Qi Gong will serve on its Board of Directors.
Total SPAC deal count for 2025 year-to-date is now 78. This offering is expected to close on Thursday, August 7, 2025.
SPAC Advisory Partners, a division of Kingswood Capital Partners, is acting as the sole book-running manager for the offering. Celine Partners PLLC is serving as Issuer’s Counsel with Holland & Knight LLP serving as Underwriter’s Counsel. CBIZ CPAs, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
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