Harneys advises on two SPAC IPO closings in four days
RRE offered 25,000,000 units at a price of US$10.00 per unit. Each unit consists of one Class A ordinary share of the Company and one-third of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share of the Company at a price of US$11.50 per share, subject to adjustment. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on the Nasdaq under the symbols “RREV” and “RREVW,” respectively.
Quantum Leap offered 20,000,000 units at an offering price of US$10.00 per unit. The units began trading under the ticker symbol "QLEPU" on The New York Stock Exchange (NYSE) on 1 May 2026. Each unit consists of one Class A ordinary share and one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share of the Company at a price of US$11.50 per share, subject to certain adjustments. Once the securities comprising the units begin separate trading, the ordinary shares and the warrants are expected to be traded on NYSE under the symbols "QLEP" and "QLEPW," respectively.
Harneys acted on instructions from Latham and Watkins on RRE and from Sichenzia Ross Ference Carmel LLP on Quantum Leap.
Global Head of Corporate George Weston commented: “2026 has picked up where 2025 left off with a steady deal flow for SPAC IPOs, and our ability to execute two deals in this short space of time demonstrates how our outstanding team continues to improve market share. We congratulate the teams at RRE and Quantum Leap on their successful closings, and we look forward to working with them both on the next stages of their development”.
The Corporate team at Harneys has a leading Equity Capital Markets practice with substantial experience in all aspects of capital raising by offshore companies, including IPOs and secondary offerings, rights issues, equity linked securities, including convertible and exchangeable bonds, SPACs, and business combinations, as well as private placements, take-privates, takeovers, and spin-offs. The firm’s ECM expertise lies in advising entities listed or listing on all major stock exchanges, including the New York Stock Exchange, NASDAQ, the London Stock Exchange, AIM, the Hong Kong Stock Exchange, the Shanghai Stock Exchange, and the Luxembourg Stock Exchange.
