Quantum Leap Acquisition Corp completes $200M IPO and private placement

Quantum Leap Acquisition Corp

IPO of 20M units at $10/unit grossed $200M; 45-day over-allotment option for up to 3M additional units.
Private placement of 594,500 units to sponsor raised $5.945M; combined $202M placed in trust at $10.10/unit.
Auditor expresses substantial doubt about going concern due to limited operating cash and expenses to find a target.
Balance sheet shows $89k cash, $1.19M working capital; must complete business combination within 18-36 months.

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