Quantumsphere Acquisition Corp’s Lock-Up Period Will Expire on February 2nd (NASDAQ:QUMSU)

Quantumsphere Acquisition’s (NASDAQ:QUMSU) lock-up period will expire on Monday, February 2nd. Quantumsphere Acquisition had issued 7,200,000 shares in its initial public offering on August 6th. The total size of the offering was $72,000,000 based on an initial share price of $10.00. After the expiration of the company’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Quantumsphere Acquisition Stock Performance

NASDAQ:QUMSU opened at $10.22 on Friday. The firm has a 50-day moving average of $10.19. Quantumsphere Acquisition has a 12 month low of $10.02 and a 12 month high of $10.27.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Harraden Circle Investments LLC acquired a new stake in Quantumsphere Acquisition during the 3rd quarter valued at $4,059,000. Polar Asset Management Partners Inc. acquired a new stake in shares of Quantumsphere Acquisition during the third quarter valued at about $4,052,000. Linden Advisors LP purchased a new stake in shares of Quantumsphere Acquisition during the third quarter worth about $4,052,000. AQR Arbitrage LLC acquired a new position in shares of Quantumsphere Acquisition in the third quarter worth about $3,269,000. Finally, Meteora Capital LLC purchased a new position in Quantumsphere Acquisition in the third quarter valued at about $2,330,000.

About Quantumsphere Acquisition

We are a newly formed blank check company incorporated as a Cayman Islands exempted company on July 23, 2024 under the laws of the Cayman Islands with limited liability. We are formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities, which we refer to throughout this prospectus as our initial business combination. Our efforts to identify a prospective target business will not be limited to a particular geographic region or industry.