Quantumsphere Acquisition Corp completes IPO of 8.28M units ($82.8M) with full over-allotment

Quantumsphere Acquisition Corp

IPO of 8,280,000 units at $10/unit, including full exercise of underwriter over-allotment of 1,080,000 units.
Simultaneous private placement of 228,650 units to Sponsor for $2,286,500.
Net proceeds of $82.8M placed in trust account for public shareholders.
Audited balance sheet shows $902,598 cash outside trust, accumulated deficit of $2,216,166, and total shareholders' deficit of $2,215,853.
Auditor's report includes going concern note due to lack of capital to fund operations and 18-month deadline to complete business combination by February 7, 2027.

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