Fortune Favor Technology Inc. Announces Entering into an Agreement and Plan of Merger with Quantumsphere Acquisition Corporation
VANCOUVER, British Columbia and NEW YORK, Oct. 09, 2026 (GLOBE NEWSWIRE) -- Fortune Favor Technology Inc., a Cayman Islands exempted company (“ Fortune Favor ” or the “ Company ”), announced today that it has entered into an Agreement and Plan of Merger (the “Agreement”) with Quantumsphere Acquisition Corporation (Nasdaq: QUMS, QUMSR, QUMSU) (“ Qua ntumsphere ”), a Cayman Islands exempted company and special purpose acquisition company, Fortune Favor Global Group Inc., a Cayman Islands exempted company and wholly owned subsidiary of Quantumsphere (the “ Purchaser ”), and QUMS Merger Sub Ltd, a Cayman Islands exempted company and wholly owned subsidiary of the Purchaser (the “ Merger Sub ”), pursuant to which Merger Sub will merge with and into the Company, with the Company surviving as a wholly owned subsidiary of the Purchaser, and Quantumsphere will merge with and into the Purchaser, with the Purchaser surviving as the publicly traded company (the “ Proposed Transaction ”).