Here are 1-3 brief analogies for Quantum Leap Acquisition (QLEP):

• A publicly traded 'mini-Berkshire Hathaway' for emerging AI, quantum computing, or blockchain tech companies, designed to acquire one and take it public.
• Like a publicly traded 'venture capital fund' (e.g., Sequoia Capital), but specifically aimed at acquiring a single, promising private AI, quantum computing, or blockchain company to introduce to the stock market.

• Initial Business Combination: The primary objective and "product" of Quantum Leap Acquisition is to identify and effect a merger, share exchange, asset acquisition, share purchase, or reorganization with one or more businesses, particularly in sectors like AI, quantum computing, and blockchain technology.

Quantum Leap Acquisition (symbol: QLEP) is a Special Purpose Acquisition Company (SPAC), also known as a blank check company. As described in the background information, its business purpose is to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It has not yet selected a specific business combination target and has generated no revenues to date.

Therefore, Quantum Leap Acquisition (QLEP) does not currently have any major customers, nor does it sell products or services to other companies or individuals. It does not expect to generate operating revenues until it consummates its initial business combination.

Kervin Pillay - Chief Executive Officer and Director

Kervin Pillay was appointed Chief Executive Officer and Director of Quantum Leap Acquisition Corp. in December 2025. Mr. Pillay serves as Head of Technology at All Blue Capital Ltd. He previously held the position of Automation CTO in the Mobility and Automation Business Unit at Cisco Systems. He is a technologist with collective experience in the AI, quantum computing, cybersecurity, and blockchain technology industries.

Haydar Haba - Chairman of the Board and Chief Financial Officer

Haydar Haba serves as Chairman of the Board and Chief Financial Officer, having been appointed in 2025. He is currently the CEO and Managing Partner of Andra Capital. Mr. Haba possesses collective experience in the AI, quantum computing, cybersecurity, and blockchain technology industries.

David James Chapman - Chief Operating Officer and Director

David James Chapman is the Chief Operating Officer and Director of Quantum Leap Acquisition Corp., appointed in 2025. He has collective experience in the AI, quantum computing, cybersecurity, and blockchain technology industries.

1. Inability to complete an initial business combination: As a SPAC, Quantum Leap Acquisition's sole purpose is to identify and merge with a private company, thereby taking it public. A primary risk is the failure to successfully complete such an acquisition within its specified timeframe. If it cannot find a suitable target or complete a deal, the company would likely liquidate, resulting in the return of funds from the trust account to shareholders, often without any significant return on investment. This risk is underscored by recent auditor warnings about "substantial doubt" concerning QLEP's ability to continue as a going concern due to limited cash outside its trust and anticipated deal costs.
2. Dependence on management's ability to identify and execute a suitable target acquisition: The success of Quantum Leap Acquisition heavily relies on its management team's expertise, relationships, and ability to identify, acquire, and operate a high-quality business, particularly in the AI, quantum computing, and blockchain technology sectors. Failure to find an attractive target or to successfully negotiate and close a business combination could lead to the company's dissolution.
3. Conflicts of interest: There is a risk that the economic interests of Quantum Leap Acquisition's sponsors and management may not always align with those of its public shareholders. Such conflicts could potentially influence decisions regarding the selection of an acquisition target or the terms of a business combination, possibly leading to outcomes that are more beneficial to the sponsors than to general investors.

For the public company Quantum Leap Acquisition (QLEP), a special purpose acquisition company (SPAC), the expected drivers of future revenue growth over the next 2-3 years are intrinsically tied to its ability to successfully complete a business combination. As of July 22, 2026, QLEP has not yet identified or acquired an operating company, meaning it currently has no commercial operations or significant revenue.

The company's stated objective is to merge with or acquire businesses primarily in the high-growth sectors of artificial intelligence (AI), quantum computing, and blockchain technology. Therefore, the drivers of future revenue growth will stem from the performance and strategic execution of its eventual acquisition target within these specified industries.

The key drivers of future revenue growth for Quantum Leap Acquisition are expected to be:

1. Successful Completion of an Initial Business Combination: The most critical driver is QLEP's ability to identify, negotiate, and consummate a merger or acquisition with one or more operating businesses within its target sectors. Without this foundational step, there will be no operational revenue.
2. Expansion and Adoption of Artificial Intelligence (AI) Solutions: Should QLEP acquire an AI-focused company, revenue growth would be driven by increasing demand for AI products and services, expansion into new markets or industries, and the continuous development and adoption of innovative AI applications by customers.
3. Commercialization and Market Penetration of Quantum Computing Technologies: If the acquired entity specializes in quantum computing, revenue growth would be propelled by advancements in quantum hardware and software, the successful commercialization of quantum solutions for complex problems, and the broadening customer base seeking quantum capabilities.
4. Increased Utilization and Development of Blockchain Technology: In the event of an acquisition in the blockchain sector, revenue growth would arise from the wider adoption of blockchain platforms and decentralized applications, the launch of new services or products leveraging blockchain, and the expansion into new industry verticals.
5. Strategic Enhancement and Synergy Realization Post-Acquisition: QLEP's management team intends to leverage its expertise to enhance the growth, improve the cost structure, and strengthen the competitive positioning of the acquired business. These operational improvements and realized synergies could lead to accelerated revenue generation and improved financial performance for the combined entity.

Share Issuance

• Quantum Leap Acquisition issued 20,000,000 units at $10.00 per unit during its initial public offering (IPO) in May 2026, generating $200,000,000.
• The underwriters fully exercised an over-allotment option, leading to the issuance of an additional 3,000,000 units at $10.00 each, which raised an additional $30,000,000.
• The company also issued 43,946 private placement units to its sponsor for $439,460.

Inbound Investments

• Quantum Leap Acquisition raised $200,000,000 in gross proceeds from its initial public offering, which closed on May 4, 2026.
• The full exercise of the over-allotment option contributed an additional $30,000,000 in gross proceeds.
• As of June 22, 2026, the company held $233,146,313 in its U.S. trust account, which includes the IPO proceeds, the full over-allotment exercise, and funds from private placement units.