Quantum Leap Acquisition Corp (QLEP.W) Warrant
Each QLEP.W warrant gives the holder the right to buy 1 share of Quantum Leap Acquisition Corp at $11.50 per share, for five years after the company completes its merger. The stock last closed at $10.05, below the strike, so the warrant is out of the money. Quantum Leap Acquisition Corp has a market value of about $301.29M. Quantum Leap Acquisition Corp is a SPAC (no deal announced yet). It must complete a deal by November 4, 2027 or the warrants expire worthless. There are 564.00K listed warrants; exercising all of them would add 1.9% to the 29.98M shares outstanding.
Key terms
- Strike per share
- $11.50
- Shares per warrant
- 1
- Cash to exercise one warrant
- $11.50
- Expiry
- merger + 5 years
- Redemption trigger
- $18.00
- Cashless exercise
- allowed
- Break-even stock price
- $11.63
From the issuer's S-1/A (2026-04-28).
Company and stock
- Company
- Quantum Leap Acquisition Corp
- Underlying stock
- QLEP
- Share price
- $10.05
- Market cap
- $301.29M
- Shares outstanding
- 29.98M
- Range since Jun 2026
- $9.93 – $10.05
- Change since Jun 2026
- +1%
- Value of all listed warrants
- $74.90K (0.0% of market cap)
- Industry
- Blank check company (SPAC)
- Head office
- Grand Cayman
- Incorporated in
- Cayman Islands
Market cap is the last share price times shares outstanding (as of 10-Q 2026-). Industry and head office are as the company reports them to the SEC. All SEC filings for this company.
Model value vs price Pro
- Model value
- Last price
- $0.1328
- Price / model
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Dilution
- Shares outstanding
- 29.98M
- Listed warrants
- 564.00K
- Dilution if all exercised
- 1.9%
Warrant count from filing iXBRL: PublicWarrantMember.
SPAC deal
- Status
- no deal announced yet
- Target
- —
- Deal announced
- —
- Deadline
- 2027-11-04
- Latest possible deadline
- 2029-05-04
- Trust per share
- $10.14
- Sponsor
- Paddington Partners 88 LLC
- Sponsor's earlier SPACs
- 0 (0 closed a deal)
- Chance of a deal
A SPAC warrant is worth nothing if no deal closes by the deadline.
Filings and events
Questions about QLEP.W
When does the QLEP.W warrant expire?
Five years after the SPAC completes its merger; if no merger closes by the deadline, the warrants expire worthless.
What is the strike price of QLEP.W?
$11.50 per share; each warrant converts into 1 share, so exercising one warrant costs $11.50.
How many QLEP.W warrants are outstanding?
564.00K listed warrants, equal to 1.9% dilution if all are exercised.
Related warrants
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