MENLO PARK, Calif., June  24, 2026  (GLOBE NEWSWIRE) -- Quantum Leap Acquisition Corp (&#34;Quantum Leap&#34; or the &#34;Company&#34;) today announced that the underwriters of its previously announced initial public

QLEP

Quantum Leap Acquisition Corp Closing of the Full Exercise of the Over-Allotment Option

Quantum Leap raises $230M over-allotment, advancing SPAC IPO momentum

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>MENLO PARK, Calif., June  24, 2026  (GLOBE NEWSWIRE) -- Quantum Leap Acquisition Corp (&amp;#34;Quantum Leap&amp;#34; or the &amp;#34;Company&amp;#34;) today announced that the underwriters of its previously announced initial public</p>
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  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Quantum Leap Acquisition Corp exercised the full over-allotment, lifting gross proceeds to $230 million from 23 million units. The IPO unit began trading May 1, with Class A shares (QLEP) and warrants (QLEP WS) trading separately from June 23. The SPAC intends to pursue AI, quantum computing, and blockchain targets, signaling runway for a technology-focused merger.</p>
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  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Underwriters exercised over-allotment for 3M units; total 23M units.</li><li>Gross proceeds rise to $230M; closing occurred June 22, 2026.</li><li>Trading: May 1, 2026 start for units; June 23 separate trading for Class A and warrants.</li><li>SPAC targets AI, quantum computing, and blockchain; leadership leverages deep sector experience.</li></ul>
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  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Quantum Leap Acquisition Corp (QLEP)</strong>: SPAC that completed over-allotment, increasing proceeds and strengthening funding runway for a future business combination in AI/quantum/blockchain.</li><li><strong>A.G.P./Alliance Global Partners (N/A)</strong>: Sole book-running manager for the offering; credible underwriter support that facilitates pricing and distribution.</li><li><strong>August Strategic Communications (N/A)</strong>: Handled media communications; supports investor outreach and public visibility around the IPO.</li></ul>
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  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Category: Corporate Developments. It describes a SPAC capital raise and listing activity, signaling readiness for a technology-focused merger and improved liquidity amid AI/quantum/blockchain exposure.</p>
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  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Over-allotment exercise increases cash runway and financial flexibility.</li><li>NYSE listing and separate trading enhance liquidity and price discovery.</li><li>AI/quantum/blockchain focus supports potential high-growth merger targets.</li></ul>
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  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Underwriters purchased 3,000,000 additional units; total 23,000,000.</li><li>Public offering price: $10.00 per unit.</li><li>Aggregate gross proceeds: $230,000,000.</li><li>Closing of over-allotment occurred June 22, 2026.</li><li>Class A shares: QLEP; warrants: QLEP WS; units: QLEPU.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Bullish near-term on QLEP as $230M proceeds and NYSE listing underpin merger potential within 6–12 months.</p>
  </section>
</section>


<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p align="justify">MENLO PARK, Calif., June  24, 2026  (GLOBE NEWSWIRE) -- Quantum Leap Acquisition Corp ("Quantum Leap" or the "Company") today announced that the underwriters of its previously announced initial public offering fully exercised their over-allotment option to purchase an additional 3,000,000 units at the public offering price of $10.00 per unit, bringing the total units sold to 23,000,000, resulting in aggregate gross proceeds to the Company of $230,000,000. The closing of the full exercise of the over-allotment option occurred Monday, June 22, 2026.</p>  <p align="justify">The units began trading on The New York Stock Exchange (&#34;NYSE&#34;) under the ticker symbol &#34;QLEPU&#34; on May 1, 2026. Each unit consists of one Class A ordinary share and one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share of the Company at a price of $11.50 per share. The securities comprising the units began separate trading, on Tuesday, June 23, 2026. The Class A ordinary shares and warrants are listed and traded on the NYSE under the symbols &#34;QLEP&#34; and &#34;QLEP WS,&#34; respectively, and the units will cease trading under the symbol &#34;QLEPU.&#34;</p>  <p align="justify">A.G.P./Alliance Global Partners acted as sole book-running manager for the offering.</p>  <p>A registration statement on Form S-1 relating to the securities, as amended (File No. 333-293359), was previously filed with the U.S. Securities and Exchange Commission (&#34;SEC&#34;) and declared effective on April 30, 2026. </p>  <p align="justify"><i>This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction. No securities regulatory authority has either approved or disapproved of the contents of this press release.</i></p>  <p align="justify"><b>About Quantum Leap Acquisition Corp </b></p>  <p align="justify">Quantum Leap is a blank check company that was formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. While the Company may pursue an acquisition in any business, industry, sector, or geographic location (with the exception of China, Hong Kong, Taiwan and Macau), it intends to focus on target companies within the artificial intelligence ("AI"), quantum computing, and blockchain technology sectors.</p>  <p align="justify">Quantum Leap is led by Chief Executive Officer Kervin Pillay, Chairman and Chief Financial Officer Haydar Haba, and Chief Operating Officer David James Chapman. Messrs. Pillay, Haba, and Chapman have more than six decades of collective experience in the AI, quantum computing, cybersecurity, and blockchain technology industries. The Company will focus on leveraging the unique strengths of its leadership team to identify, acquire, and operate a business or businesses that can benefit from their operating and capital markets experience, sector expertise, and established global relationships across these industries.</p>  <p align="justify"><b>Forward-Looking Statements</b></p>  <p align="justify">This press release contains statements that constitute "forward-looking statements," including with respect to the proposed initial public offering, listing on the NYSE, satisfaction of closing conditions, the acquisition of a business and the anticipated use of the net proceeds. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company&#39;s registration statement and preliminary prospectus for the Company&#39;s offering filed with the SEC. Copies are available on the SEC&#39;s website, <a href="https://www.globenewswire.com/Tracker?data=bHAnxj31TtYos2a9Ek1DfZEfJqY1-Iar0LbDv1WszQ4gyFnJzsugc0UriUoWL5WPWM75hIkZ20ZX1UjcXWhMVg==" rel="nofollow" target="_blank">www.sec.gov</a>. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.</p>  <p align="justify"><b>Contacts </b></p>  <p align="justify"><b>Investor Contact</b><br></br>Quantum Leap Acquisition Corp <br></br><a href="https://www.globenewswire.com/Tracker?data=3DY1z_sG6udJ4qurcxFj5pHv4X374hAuou-7Ow-Rtlb5ZiKt6L_k_uHQvmC38QOMm19ZqykFUgYJ28wI-_YgJobnZ3qG-7Uc9zUXmwovZKTGIx209vd7r4eNHfzCjvnp" rel="nofollow" target="_blank">IR@Qantumleapacquisition.com</a></p>  <p align="justify"><b>Media Contacts</b><br></br>Scott Deveau / Nate Johnson<br></br>August Strategic Communications<br></br><a href="https://www.globenewswire.com/Tracker?data=_ORhzWWpID7TKT0vqKNJOD50YinrXh346lC2UZodPczemgQX5rQjqohepXojVh5g9Lkf_eid1EgyTHJeJ80--T90VOkNz0DVIehKq0KhNLZx3CdvVJxxuFzarzIUCUB4" rel="nofollow" target="_blank">QuantumLeap@AugustCo.com</a><br></br>(323) 892-5562</p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTc1MTU2MCM3Njc1MjU3IzUwMDE2NDIzNw=="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/ZjRjYThlN2YtZDBmMC00ODBiLWI0ZTctNWJlYzgxNDM4MTRlLTUwMDE2NDIzNy0yMDI2LTA2LTI0LWVu/tiny/Quantum-Leap-Acquisition-Corp-.png" referrerpolicy="no-referrer-when-downgrade"></img>

Quantum Leap Acquisition Corp exercised the full over-allotment, lifting gross proceeds to $230 million from 23 million units. The IPO unit began trading May 1, with Class A shares (QLEP) and warrants (QLEP WS) trading separately from June 23. The SPAC intends to pursue AI, quantum computing, and blockchain targets, signaling runway for a technology-focused merger.

Quantum Leap Acquisition Corp Closing of the Full Exercise of the Over-Allotment Option

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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