Quantum Leap SPAC closes IPO + partial over-allotment; auditor flags going concern

Quantum Leap Acquisition Corp

IPO of 20M units at $10.00 closed May 4; partial over-allotment of 917,392 units closed May 12.
Aggregate $211,314,501 held in trust; $1,594,744 cash outside trust for working capital.
Auditor raises substantial doubt about going concern due to limited cash and high pursuit costs.
Company has 18 months (to Nov 2027) to complete a business combination or dissolve.
After over-allotment, 572,717 Class B shares remain subject to forfeiture.

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