other material
confidence high
sentiment neutral
materiality 0.25
Quantumsphere amends underwriting agreement to cap deferred commission at 4% of trust post-redemptions
Quantumsphere Acquisition Corp
- Deferred commission set at 4.00% of gross proceeds (up to $2,880,000 from Firm Units, up to $432,000 from Option Units).
- Commission payable from trust upon business combination, capped at 4.00% of trust balance after redemptions.
- Underwriters may waive commission prior to business combination; if no deal, forfeit rights to trust distribution.