QUMS

Quantumsphere Acquisition Corp is a special purpose acquisition company, often called a SPAC. It doesn't sell products or services. Instead, it raises money from investors by going public, then uses that money to find and merge with a private company. This merger allows the private company to become publicly traded, and the SPAC's investors hope the new combined company will be successful. The SPAC makes money for its founders and early investors through the merger process and the subsequent performance of the new public entity.