- CEO
- Ping Zhang
- Full Time Employees
- 1
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 1185 Avenue of the Americas, Suite 304, New York, NY 10036, USA New York NY United States of America 10036
- IPO Date
- Aug 6, 2025
- Business
- Quantumsphere Acquisition Corporation, a Cayman Islands exempted blank check company, focuses on effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities; its efforts to identify prospective target businesses are not limited to a particular industry or geographic region. The company targets businesses with compelling long-term growth potential and highly defensible market positions, particularly those with enterprise values between $180 million and $1 billion. Incorporated on July 23, 2024, and headquartered at 1185 Avenue of the Americas, Suite 304, New York, New York 10036, it completed an upsized initial public offering of 7.2 million units at $10.00 each on August 7, 2025, raising $72 million, with units listed on Nasdaq under QUMSU, comprising one ordinary share (QUMS) and one right (QUMSR) entitling the holder to one-seventh of one ordinary share upon business combination consummation. In its most recent major development, on October 3, 2025, Quantumsphere entered into an Agreement and Plan of Merger with SACH Pte. Ltd., a Singapore exempt company, and related parties including QUMS Pubco Ltd. and SACH Merge Sub Ltd., under which Quantumsphere will merge into Pubco, with HoldCo (parent of SACH) as a wholly-owned subsidiary of the surviving Pubco, expected to remain listed on Nasdaq; the transaction contemplates issuance of 30 million Pubco ordinary shares valued at $300 million as merger consideration, subject to shareholder approvals, regulatory clearances and customary closing conditions by June 30, 2026. Led by Chairman, CEO and CFO Ping Zhang, alongside independent director nominees Wei (Victor) Zhang, Daniel M. McCabe and Qi Gong, the company operates in the shell companies segment of the financials sector with no current employees or revenue.