Quantumsphere Acquisition Corporation to acquire Fortune Favor Technology Inc.

Quantumsphere Acquisition Corporation has agreed to acquire Fortune Favor Technology Inc. in a strategic transaction valued at 600 million US dollars. The consideration for the deal is structured entirely in shares. Both the acquirer and the target company are registered in the Cayman Islands. The transaction was announced on 13 October 2026. The target operates within the technology sector. No completion date has been reported for this agreement. The deal represents an equity value rather than an enterprise value. There is no indication of cash consideration or other forms of payment involved in this specific arrangement. The parties have reached a firm intention to proceed with the acquisition. Regulatory approvals may still be required before the transaction can be finalized. The current status of the deal remains at the firm intention stage. No further details regarding the specific terms of the share exchange have been disclosed in the available data. The focus remains on the equity value and the share-based consideration.