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 boosts cash runway after over-allotment, signaling strong deal runway

<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>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Quantum Leap Acquisition Corp announced that underwriters fully exercised their over-allotment option to buy 3 million additional units at $10, increasing total units to 23 million and gross proceeds to $230 million. The units began trading on NYSE as QLEPU on May 1, with separate trading for QLEP and QLEP WS starting June 23; this strengthens the SPAC&#039;s funding runway for AI, quantum computing, and blockchain targets.</p>
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  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Underwriters exercised 3M over-allotment; 23M units total, $230M gross. Closing occurred June 22, 2026.</li><li>Units began trading as QLEPU; shares and warrants split to QLEP and QLEP WS.</li><li>Company aims to target AI, quantum, blockchain deals. Leaders bring decades in these areas.</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 raising cash via over-allotment; increases funding runway for AI/quantum/blockchain deals.</li><li><strong>QLEP Warrants (QLEP WS)</strong>: Warrants exercisable at $11.50; separate trading; potential future dilution.</li><li><strong>A.G.P./Alliance Global Partners (N/A)</strong>: Sole book-running manager; credibility boosts investor confidence in the offering.</li></ul>
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  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Category: Corporate Developments. The release documents SPAC financing activity and potential deal runway, fitting corporate financing developments.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Cash raised: $230 million via full over-allotment.</li><li>Unit separation triggers trading for QLEP and QLEP WS on June 23.</li><li>SPAC targets AI, quantum, and blockchain sectors with experienced leadership.</li></ul>
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  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Over-allotment: 3,000,000 additional units; total 23,000,000 units.</li><li>Public offering price: $10 per unit.</li><li>Aggregate gross proceeds: $230,000,000.</li><li>Trading began: QLEPU on May 1, 2026; QLEP and QLEP WS on June 23, 2026.</li><li>Warrant exercise price: $11.50 per share.</li></ul>
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  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Bullish in the near term; stronger cash runway supports deal pursuit 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 announced that underwriters fully exercised their over-allotment option to buy 3 million additional units at $10, increasing total units to 23 million and gross proceeds to $230 million. The units began trading on NYSE as QLEPU on May 1, with separate trading for QLEP and QLEP WS starting June 23; this strengthens the SPAC's funding runway for AI, quantum computing, and blockchain targets.

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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