ASP Isotopes swaps $109.2 million QLE notes for 23,200,000 shares in private exchange deal
ASPI•ASP Isotopes to issue shares in exchange for QLE notes
ASP Isotopes agreed to issue 23,200,000 common shares in exchange for about $109.2 million of Quantum Leap Energy convertible promissory notes.
The shares represent about 17.8% of common stock outstanding, and were issued to certain noteholders under separately negotiated private exchange agreements.
The exchange is expected to close July 16, 2026, cutting QLE’s outstanding principal on the QLE Notes to about $110.7 million from $219.8 million.
The transaction aims to simplify QLE’s capital structure as it pursues a standalone U.S. exchange listing.
