05/07/2026 | Press release | Distributed by Public on 05/07/2026 17:56
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FORM 3
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | |||
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1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security |
5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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| Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
| Private Placement Warrants | (1) | (1) | Class A ordinary shares (private placement units) | 654,500(3) | $11.5 | D | |
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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Paddington Partners 88 LLC WILLOW WORKPLACE MENLO PARK 80 WILLOW ROAD MENLO PARK, CA 94025 |
X | X | CEO | |
| Paddington Partners 88 LLC By: Euphoria Capital, its Managing Member /s/ Kervin Pillay, a Sole Director of Euphoria Capital | 05/07/2026 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| (1) | Each Private Placement Warrant becomes exercisable on the later of (i) 30 days after the completion of the initial business combination of Quantum Leap Acquisition Corp (the "Issuer" or "Quantum") and (ii) 12 months from the closing of the Issuer's public offering, and expires five years after the completion of the Issuer's initial business combination, or earlier upon redemption or the liquidation of the Issuer, all as described in its final prospectus. |
| (2) | Of the 6,325,000 Class B ordinary shares (i.e. "founder shares") reported herein, up to 825,000 are subject to forfeiture, in whole or part, depending on the extent to which the underwriters' over-allotment option is not exercised within 45 days after the registration statement's effectiveness. |
| (3) | Each private placement unit (the "Private Placement Units") consists of one Class A ordinary share and one warrant. The Class A ordinary shares underlying the Private Placement Units are reported in Table I, and the related Private Placement Warrants are reported in Table II. |
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Remarks: Euphoria Capital LLC ("Euphoria") is the managing member of the Paddington 88 Partners LLC (the "Reporting Person" or the "Sponsor"). The Reporting Person is the sponsor of the Issuer. Kervin Pillay is the sole director of Euphoria. Mr. Pillay will file a separate Form 3 to report 10,000 Class B ordinary shares that he holds directly which have been granted as a result of his service as a director of the Issuer. This Form 3 represents securities held of record by the Sponsor. References to potential founder share forfeiture limits reflect the underwriters' 45-day over-allotment option period, which remains open as of the date hereof. Each of Euphoria and Mr. Pillay may be deemed to beneficially own the securities held of record by the Reporting Person by virtue of the foregoing. Each disclaims beneficial ownership of such securities except to the extent his or its pecuniary interest therein, and the inclusion of such securities herein shall not be deemed an admission of beneficial ownership for Section 16 or any other purpose. |
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