Quantumsphere closes $82.8M IPO including full over-allotment; units begin trading

Quantumsphere Acquisition Corp

Closed IPO of 8,280,000 units at $10.00/unit, including full exercise of over-allotment, for gross proceeds of $82.8M.
Net proceeds of $82.8M placed in trust account for benefit of public shareholders.
Simultaneous private placement of 228,650 units to sponsor Whiteowl Holdings for $2.2865M.
Appointed Wei (Victor) Zhang, Daniel M. McCabe, and Qi Gong to board and audit/compensation committees.
Units trade on Nasdaq under QUMSU; ordinary shares and rights expected to trade separately as QUMS and QUMSR.

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