Who is behind QUMS? GalaxyEdge / QuasarEdge (Zhang Ping)
The people who set Quantumsphere Acquisition Corp up, what they have done before, and what happened to the shareholders who backed their earlier vehicles — every outcome cited to an SEC filing.
Liquidation / termination drag: 0 liquidations and 0 terminations across 6 vehicles raised → 0% attrition (terminations 1.25×, stale shells 0.75×).
Unproven · low confidence — the same inputs always produce the same score.
Track record
The fleet this sponsor runs today, and the SEC-verified fate of every prior vehicle we have traced.
- Quartzsea Acquisition Corp · 2025Searching
- Quantumsphere Acquisition Corp · 2025Searching
Two differently-named sponsors — Equinox Capital Solutions Ltd and Aspira Capital Consulting LTD — filing from the SAME registered office (Asia Leading Chambers, Road Town, Tortola VG1110), behind an identical four-person Section 16 roster: Zhang Ping, Gong Qi, Zhang Wei and McCabe Daniel M. The seats rotate (Zhang Ping is Chairman/CEO/CFO of GalaxyEdge and a director of QuasarEdge; Gong Qi is Chairwoman/CEO/CFO of QuasarEdge and a director of GalaxyEdge), which is why a "same officer, same seat" test misses it and the whole-roster test does not. The same four also file at Quantumsphere Acquisition Corp (sponsor Whiteowl Holdings LLC), recorded below. A BVI registered-agent address alone proves nothing — the roster is what carries this. CAUTION on one name: McCabe Daniel M. also chairs the unrelated Futurewave/FortuneX pair, where he is Chairman and CEO rather than an outside director; he is a bridge between two houses, not evidence they are one, and the two families are kept separate for exactly that reason.
Full sponsor record →Why the sponsor matters
The thirty-second version, for anyone who has never traded a SPAC.
A SPAC is an empty listed company; the sponsor is the only substance it has before a deal. They pick the target, negotiate the terms, and typically hold founder shares — equity they received nearly free — which pay off for them even in deals that lose public holders money. A sponsor’s prior vehicles are the closest thing to evidence about how this one ends.
How the founder-share incentive works is covered in our plain-English guide to the sponsor promote.
In plain English
Cash in trust / trust per sharethe cash the company is holding for each public share
Filed quarterly in the 10-Q's XBRL. It earns interest between filings, so the figure on a given day is slightly higher than the last filed one — where we show that we label it an estimate.
Dilutionhow much of the company new shares take from you
Sponsor promote, PIPE shares, warrants and rights all issue stock that did not pay $10 for it. The headline deal value is before that; the effective value is after.
De-SPACthe day the SPAC becomes the real company
The shares stop being a claim on a pot of cash and start being equity in an operating business. Roughly 80% of recent de-SPACs traded below $10 within a year.