Recent Updates — QUMSU

Quantumsphere Acquisition Corporation entered into an Agreement and Plan of Merger with Fortune Favor Technology Inc. under which Quantumsphere will merge into its subsidiary, Purchaser, and a merger sub will merge into Fortune Favor. The transaction implies a pre-money equity value of approximately $600 million for Fortune Favor. Each outstanding ordinary share of the Company will be cancelled in exchange for Purchaser Ordinary Shares valued at $10.00 per share. The proposed business combination is subject to customary closing conditions, including shareholder approvals and SEC effectiveness of the registration statement. Quantumsphere Acquisition Corporation operates as a special purpose acquisition company focused on effecting a merger with one or more businesses.

Quantumsphere Acquisition Corporation terminated its Agreement and Plan of Merger with Omnivate Global Ltd. and SACH Pte. Ltd., effective September 1, 2026. The termination followed a notice delivered on July 14, 2026, regarding certain matters under the agreement, after which the company exercised its right to terminate pursuant to Section 13.2(a) following the expiration of the applicable thirty-day cure period. Consequently, the proposed business combination will not be consummated, and the parties have reserved all rights and remedies available under the Merger Agreement. Quantumsphere Acquisition Corporation is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.