Quantumsphere Acquisition Corp

Quantumsphere Acquisition Corp (QUMS) is a blank-check company (SPAC) that raised $72M in its initial public offering on Aug 7, 2025, listing on Nasdaq Global Market. It agreed to combine with Fortune Favor Technology Inc., announced on Oct 13, 2026, at a stated value of $600M. The deal has not closed yet. Kingswood led the IPO. Ogier advised the SPAC and Holland & Knight advised the underwriters on the IPO.

Fortune Favor Technology Inc., through its subsidiaries, provides technology consulting services and comprehensive solutions for medical cold-chain transportation. It offers customized solutions for medical terminals, distributors and operators, drawing on material engineering, structural design and supply chain management capabilities.

Status

Deal announced

Ticker

QUMS

IPO date

Aug 7, 2025

IPO size

$72M

IPO exchange

Nasdaq Global Market

Target

Fortune Favor Technology Inc.

Target sector

Other

Announced

Oct 13, 2026

Stated deal value

$600M

Combined company

Fortune Favor Global Group Inc.

IPO underwriters

Kingswood

SPAC counsel (IPO)

Ogier

Underwriters' counsel (IPO)

Holland & Knight