SPAC Quantum Leap Acquisition files for a $200 million IPO, targeting AI, quantum computing, and blockchain
May 1, 2026 News
SPAC Quantum Leap Acquisition prices $200 million IPO, targeting AI, quantum computing, and blockchain
Quantum Leap Acquisition, a blank check company targeting AI, quantum computing, and blockchain technology, raised $200 million by offering 20 million units at $10. Each unit consists of one share of common stock, and one warrant to purchase a share, exercisable at $11.50.
IPO Overview
Quantum Leap Acquisition, a blank check company targeting AI, quantum computing, and blockchain technology, filed on Tuesday with the SEC to raise up to $200 million in an initial public offering.
The Menlo Park, CA-based company plans to raise $200 million by offering 20 million units at $10. Each unit contains one share of common stock and one-third of one warrant exercisable at $11.50.
Quantum Leap Acquisition is led by CEO and Director Kervin Pillay, who previously served as the Automation CTO in the Mobility and Automation Business Unit at Cisco Systems. He is joined by CFO and Chairman Haydar Haba, who currently serves as the CEO and Managing Partner of Andra Capital.
Quantum Leap Acquisition was founded in 2025 and plans to list on the NYSE under the symbol QLEPU. A.G.P. is the sole bookrunner on the deal.
About the Company
We are a blank check company whose business purpose is to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any specific business combination target and we have not, nor has anyone on our behalf, engaged in any substantive discussions, directly or indirectly, with any business combination target with respect to an initial business combination with us. We have generated no revenues to date and we do not expect that we will generate operating revenues at the earliest until we consummate our initial business combination. While we may pursue an initial business combination opportunity in any geography, industry or sector, we intend to capitalize on the ability of our management team to identify, acquire and operate a business or businesses that can benefit from our management team’s established global relationships, sector expertise and active management, operating and capital market experiences, particularly as related to artificial intelligence （“AI”）， quantum computing and blockchain technology.