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

Quantumsphere Acquisition’s (NASDAQ:QUMSU) lock-up period is set to end on Monday, February 2nd. Quantumsphere Acquisition had issued 7,200,000 shares in its IPO on August 6th. The total size of the offering was $72,000,000 based on an initial share price of $10.00. After the end of the company’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Quantumsphere Acquisition Stock Up 0.1%

Shares of Quantumsphere Acquisition stock opened at $10.22 on Monday. The company’s 50 day simple moving average is $10.19. Quantumsphere Acquisition has a 52 week low of $10.02 and a 52 week high of $10.27.

Hedge Funds Weigh In On Quantumsphere Acquisition

Hedge funds and other institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. purchased a new stake in Quantumsphere Acquisition in the third quarter worth about $101,000. TrueMark Investments LLC purchased a new position in shares of Quantumsphere Acquisition during the 3rd quarter worth approximately $101,000. Warberg Asset Management LLC bought a new position in shares of Quantumsphere Acquisition in the 3rd quarter worth approximately $420,000. Gabelli Funds LLC purchased a new position in shares of Quantumsphere Acquisition in the 3rd quarter valued at approximately $580,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in shares of Quantumsphere Acquisition in the 3rd quarter valued at approximately $686,000.

Quantumsphere Acquisition Company Profile

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.