On June 22, 2026, underwriters fully exercised their over-allotment option by purchasing the remaining 2,082,608 Units at $10.00 per Unit. Following this, the Class A Ordinary Shares and Warrants began trading separately on the NYSE under symbols "QLEP" and "QLEP WS" on June 23, 2026, while the Units ceased trading under "QLEPU". The company is a special purpose acquisition company (SPAC) formed to effect a business combination.