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Quantum Leap Acquisition CorpQLEP

Class A QLEPWarrants QLEP-WTCIK 0002102155

Cash in trust

$233.3M

$233,314,639

Trust per share

$10.14

Redemption value

IPO

May 2026

$230.0M raised

Combination deadline

Not disclosed

Filings on record

36

Latest Aug 14, 2026

Overview

Quantum Leap Acquisition Corp is a special purpose acquisition company incorporated in Cayman Islands and registered with the SEC under CIK 0002102155. It completed its initial public offering in May 2026, raising $230.0M in gross proceeds and listing on NYSE. Class A shares trade under the ticker QLEP, warrants under QLEP-WT on NYSE. The vehicle is sponsored by Paddington through Paddington Partners 88 LLC. The mandate targets technology, digital assets. Deadline lapsed without a deal; trust returned to public shareholders.

we intend to concentrate on target companies primarily within the AI, quantum computing and blockchain technology sectors.
The mandate, as stated in the IPO prospectus

Reading the filings

Arithmetic on what Quantum Leap Acquisition Corp has disclosed, written the way a desk would read it. These are observations, not a rating. Nothing here scores the vehicle or implies a view on it.

  • Trust versus the $10 unit

    The trust holds $10.14 per public share, 1.4% above the $10.00 the units were sold at. That spread is accrued interest on the trust and, where the charter provides for it, sponsor contributions paid in to buy more time. It is the floor a public shareholder can redeem at, not a valuation of the business.

  • Warrant coverage

    Each unit carried one warrant per unit. Warrants are dilution deferred: they cost the holder nothing until exercised, and they overhang the post-combination share count. Thinner coverage is generally a sign of a stronger book at pricing.

  • Underwriting

    A.G.P./Alliance Global led the offering. It has been named on 17 SPAC IPOs, book-running 17 of them, and 14.3% of its resolved vehicles closed a deal. The syndicate has no control over whether a sponsor finds a target, but the quality of the book at pricing shapes who ends up holding the units.

SEC filing history

Free tier: filings older than 24 hours
  • 10-Q

    Quarterly report

    Accession 0001213900-26-090005

    Aug 14, 2026

    20d ago

    Open filing
  • SCHEDULE 13G

    Beneficial ownership report (passive)

    Accession 0001076809-26-000088

    Aug 13, 2026

    21d ago

    Open filing
  • SCHEDULE 13G

    Beneficial ownership report (passive)

    Accession 0001950677-26-000017

    Aug 13, 2026

    21d ago

    Open filing
  • SCHEDULE 13G

    Beneficial ownership report (passive)

    Accession 0001104659-26-095344

    Aug 13, 2026

    22d ago

    Open filing
  • SCHEDULE 13G/A

    Amended beneficial ownership report (passive)

    Accession 0001104659-26-094154

    Aug 11, 2026

    23d ago

    Open filing
  • 8-K

    Other events

    Items 8.01, 9.01 · Accession 0001213900-26-076355

    Jul 8, 2026

    1mo ago

    Open filing
  • 8-K

    Other events

    Items 8.01, 9.01 · Accession 0001213900-26-073229

    Jun 29, 2026

    2mo ago

    Open filing
  • 25-NSE

    Notification of delisting

    Accession 0000876661-26-000550

    Jun 23, 2026

    2mo ago

    Open filing
  • 8-K

    Other events

    Items 8.01, 9.01 · Accession 0001213900-26-070302

    Jun 19, 2026

    2mo ago

    Open filing
  • 10-Q

    Quarterly report

    Accession 0001213900-26-068255

    Jun 12, 2026

    2mo ago

    Open filing
  • 8-K

    Other events

    Items 8.01, 9.01 · Accession 0001213900-26-058447

    May 18, 2026

    3mo ago

    Open filing
  • 8-K

    Other events

    Items 8.01, 9.01 · Accession 0001213900-26-054048

    May 8, 2026

    3mo ago

    Open filing
  • SCHEDULE 13D

    Beneficial ownership report (activist)

    Accession 0001213900-26-053940

    May 8, 2026

    3mo ago

    Open filing
  • 3

    Initial statement of beneficial ownership

    Accession 0001213900-26-053877

    May 8, 2026

    3mo ago

    Open filing
  • 3

    Initial statement of beneficial ownership

    Accession 0001213900-26-053505

    May 7, 2026

    3mo ago

    Open filing
  • 3

    Initial statement of beneficial ownership

    Accession 0001213900-26-053504

    May 7, 2026

    3mo ago

    Open filing
  • SCHEDULE 13G

    Beneficial ownership report (passive)

    Accession 0001104659-26-057332

    May 7, 2026

    3mo ago

    Open filing
  • 3

    Initial statement of beneficial ownership

    Accession 0001213900-26-053454

    May 7, 2026

    3mo ago

    Open filing
  • 3

    Initial statement of beneficial ownership

    Accession 0001213900-26-053314

    May 7, 2026

    3mo ago

    Open filing
  • 3

    Initial statement of beneficial ownership

    Accession 0001213900-26-053302

    May 7, 2026

    3mo ago

    Open filing
  • 8-K

    Entry into a material definitive agreement; Other events

    Items 1.01, 3.02, 5.02, 5.03, 8.01, 9.01 · Accession 0001213900-26-052459

    May 6, 2026

    4mo ago

    Open filing
  • 424B4

    Final IPO prospectus

    Accession 0001213900-26-051150

    May 4, 2026

    4mo ago

    Open filing
  • 424B4

    Final IPO prospectus

    Accession 0001213900-26-051097

    May 2, 2026

    4mo ago

    Open filing
  • SCHEDULE 13G

    Beneficial ownership report (passive)

    Accession 0001461790-26-000024

    May 1, 2026

    4mo ago

    Open filing
  • EFFECT

    Notice of effectiveness

    Accession 9999999995-26-001403

    May 1, 2026

    4mo ago

    Open filing
  • CERT

    Exchange listing certification

    Accession 0000876661-26-000374

    Apr 29, 2026

    4mo ago

    Open filing
  • 8-A12B

    Registration of securities on an exchange

    Accession 0001213900-26-049051

    Apr 29, 2026

    4mo ago

    Open filing
  • CORRESP

    Correspondence with SEC staff

    Accession 0001213900-26-048715

    Apr 28, 2026

    4mo ago

    Open filing
  • CORRESP

    Correspondence with SEC staff

    Accession 0001213900-26-048627

    Apr 28, 2026

    4mo ago

    Open filing
  • CORRESP

    Correspondence with SEC staff

    Accession 0001213900-26-048626

    Apr 28, 2026

    4mo ago

    Open filing

Quantum Leap Acquisition Corp: questions answered

What is Quantum Leap Acquisition Corp (QLEP)?

Quantum Leap Acquisition Corp is a special purpose acquisition company incorporated in Cayman Islands and registered with the SEC under CIK 0002102155. It completed its initial public offering in May 2026, raising $230.0M in gross proceeds and listing on NYSE. Class A shares trade under the ticker QLEP, warrants under QLEP-WT on NYSE. The vehicle is sponsored by Paddington through Paddington Partners 88 LLC. The mandate targets technology, digital assets. Deadline lapsed without a deal; trust returned to public shareholders.

How much does Quantum Leap Acquisition Corp hold in trust?

Approximately $233,314,639, or about $10.14 per public share, as at the most recent filing on record. Trust balances move: shareholders redeem at extension votes and at the combination vote, and sponsors pay contributions in to extend. Treat the figure as a point-in-time disclosure, not a running balance.

When must Quantum Leap Acquisition Corp complete a merger?

No combination deadline appears in the filings we have indexed. The date is stated in the charter and repeated in each quarterly report; where our parser could not establish it with confidence we leave it blank rather than infer one.

What happens if Quantum Leap Acquisition Corp does not find a target in time?

The charter requires the vehicle to redeem 100% of the public shares and return the trust, pro rata, to public shareholders. That is the mechanism working as designed rather than a default. Founder shares and warrants are worthless in that outcome, which is why the sponsor's incentive is to get a deal done or to buy more time. Across the market, deadline lapsed without a deal; trust returned to public shareholders.

Can I redeem shares in Quantum Leap Acquisition Corp, and at what price?

Public shareholders may elect to redeem in connection with a combination vote and at each extension vote, at the pro-rata trust value on the relevant record date, most recently disclosed at about $10.14 per share. Redemption is a right attached to the public shares only; warrants and rights carry no claim on the trust. The mechanics and the deadline for electing are set out in the proxy statement for the vote in question.

What tickers does Quantum Leap Acquisition Corp trade under?

Class A shares trade as QLEP on NYSE, and the warrants as QLEP-WT. Units trade first and separate into their component securities roughly 52 days after the IPO; only the Class A shares carry the redemption right against the trust.

Is the trust value the same as the share price for Quantum Leap Acquisition Corp?

No. Trust per share is a disclosed, contractual figure: what a redeeming holder receives. The market price is whatever the shares change hands at, which can sit above the trust when a deal is well received or below it when the market doubts one will close. We do not have a current quote for this vehicle, so no spread is shown.

How much dilution do Quantum Leap Acquisition Corp's founder shares and warrants create?

Each unit also carried one warrant per unit, which is dilution deferred until exercise. Both are disclosed in the prospectus and both survive into the combined company, which is why a de-SPAC at $10 is not economically the same as an IPO at $10.

Who sponsors Quantum Leap Acquisition Corp, and what is their track record?

Paddington Partners 88 LLC is the sponsor entity, part of the Paddington franchise. This is the only vehicle we have attributed to that sponsor. Named principals: Kervin Pillay.

Which banks underwrote the Quantum Leap Acquisition Corp IPO?

A.G.P./Alliance Global, Benchmark Company. A.G.P./Alliance Global was credited as book-running manager on the cover. Syndicate membership and role are read from the prospectus cover and the underwriting section.

Is Quantum Leap Acquisition Corp a good investment?

That is not a question this site answers. Quantum Leap Acquisition Corp is covered here as reference data: what the company filed, when it filed it, and what the numbers in those filings say. The Edge, FOMO and Potential scores on this page are derived measures with a published formula, not ratings of investment merit: they describe the setup, and every component is shown so you can take them apart. We publish no price targets and no recommendations, and nothing here should be read as advice. The figures are a starting point for your own work, and each one carries the accession number of the filing it came from.

Where does this Quantum Leap Acquisition Corp data come from?

Filings Quantum Leap Acquisition Corp submitted to the SEC under CIK 0002102155: the registration statement and final prospectus for the structure, quarterly and annual reports for the trust, current reports and proxy statements for deals, votes and extensions. Trust economics are taken from the registrant's own XBRL tags rather than parsed from prose, which is why they are exact. Every filing in the history above is listed with its accession number, which identifies the document uniquely on EDGAR; Pro accounts open it directly from the row.

Compiled by the SPACListing research desk

Last reconciled Sep 4, 2026

Every figure on this page is read from documents the registrants filed with the U.S. Securities and Exchange Commission, principally the IPO prospectus (Form 424B4), quarterly and annual reports, current reports and proxy statements, the registrant's own XBRL tags for trust economics. Nothing is sourced from press coverage, from the companies themselves, or from a third-party aggregator. Where a filing does not disclose something, the field is left blank rather than estimated.

Read the full methodology · What is in the dataset · Report a correction

SPACListing is a reference-data service, not an investment adviser. Nothing here is a recommendation to buy or sell any security.

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The context around this vehicle: who else the sponsor has launched, which banks priced it, and where it sits in the wider market.