Quantum Leap Acquisition CorpQLEP
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.”
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
- SCHEDULE 13G
Beneficial ownership report (passive)
Accession 0001076809-26-000088
- SCHEDULE 13G
Beneficial ownership report (passive)
Accession 0001950677-26-000017
- SCHEDULE 13G
Beneficial ownership report (passive)
Accession 0001104659-26-095344
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0001104659-26-094154
- 8-K
Other events
Items 8.01, 9.01 · Accession 0001213900-26-076355
- 8-K
Other events
Items 8.01, 9.01 · Accession 0001213900-26-073229
- 25-NSE
Notification of delisting
Accession 0000876661-26-000550
- 8-K
Other events
Items 8.01, 9.01 · Accession 0001213900-26-070302
- 10-Q
Quarterly report
Accession 0001213900-26-068255
- 8-K
Other events
Items 8.01, 9.01 · Accession 0001213900-26-058447
- 8-K
Other events
Items 8.01, 9.01 · Accession 0001213900-26-054048
- SCHEDULE 13D
Beneficial ownership report (activist)
Accession 0001213900-26-053940
- 3
Initial statement of beneficial ownership
Accession 0001213900-26-053877
- 3
Initial statement of beneficial ownership
Accession 0001213900-26-053505
- 3
Initial statement of beneficial ownership
Accession 0001213900-26-053504
- SCHEDULE 13G
Beneficial ownership report (passive)
Accession 0001104659-26-057332
- 3
Initial statement of beneficial ownership
Accession 0001213900-26-053454
- 3
Initial statement of beneficial ownership
Accession 0001213900-26-053314
- 3
Initial statement of beneficial ownership
Accession 0001213900-26-053302
- 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
- 424B4
Final IPO prospectus
Accession 0001213900-26-051150
- 424B4
Final IPO prospectus
Accession 0001213900-26-051097
- SCHEDULE 13G
Beneficial ownership report (passive)
Accession 0001461790-26-000024
- EFFECT
Notice of effectiveness
Accession 9999999995-26-001403
- CERT
Exchange listing certification
Accession 0000876661-26-000374
- 8-A12B
Registration of securities on an exchange
Accession 0001213900-26-049051
- CORRESP
Correspondence with SEC staff
Accession 0001213900-26-048715
- CORRESP
Correspondence with SEC staff
Accession 0001213900-26-048627
- CORRESP
Correspondence with SEC staff
Accession 0001213900-26-048626
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.
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Continue reading
The context around this vehicle: who else the sponsor has launched, which banks priced it, and where it sits in the wider market.
Paddington: the full record
Every vehicle this sponsor has launched, what closed, what liquidated and what is still live.
A.G.P./Alliance Global in SPACs
Mandates, bookrun credit, deal volume and the outcome of the vehicles it priced.
Technology SPACs
Every vehicle chasing the same mandate, ranked by cash in trust.
All liquidated spacs
Deadline lapsed without a deal; trust returned to public shareholders.
Deadline calendar
Which sponsors are running out of time, and when the extension votes land.
What is a SPAC?
The structure, the economics and where the risks actually sit.
SPAC glossary
Every term in a blank-check filing, defined the way practitioners use it.
How this data is built
Coverage universe, ingestion, normalisation, lifecycle classification and known limits.