Fortune Favor Technology Inc. to Merge with Quantumsphere Acquisition Corporation

VANCOUVER, British Columbia and NEW YORK, Oct. 09, 2026 /CourierPR/ -- Fortune Favor Technology Inc., a provider of technology consulting services and comprehensive solutions for medical cold-chain transportation, has announced a significant move by entering into an agreement and plan of merger with Quantumsphere Acquisition Corporation. This strategic partnership is expected to propel Fortune Favor into a new phase of growth, leveraging Quantumsphere’s public market access and resources.

Through this merger, Fortune Favor will become a wholly owned subsidiary of the Purchaser, a Cayman Islands exempted company and wholly owned subsidiary of Quantumsphere. The merger is subject to regulatory approvals, shareholder approvals, and other customary closing conditions. Upon completion, the proposed transaction is anticipated to confer a pre-money equity value of approximately $600 million on Fortune Favor.

Fortune Favor, through its subsidiaries, specializes in providing technology consulting services and comprehensive solutions for medical cold-chain transportation. Its services encompass design, sourcing, supply chain management, and application support for the handling and delivery of temperature-sensitive products. The company boasts a team of seasoned industry professionals, enabling it to offer customized solutions tailored to the needs of medical terminals, distributors, and operators.

The proposed transaction has been approved by the boards of directors of both Quantumsphere and Fortune Favor. However, the deal is contingent on several conditions, including regulatory approvals, shareholder approvals, and the satisfaction of customary closing conditions. The parties anticipate that the registration statement and other transaction-related materials will be filed with the U.S. Securities and Exchange Commission (SEC) and that the Nasdaq Stock Market will approve the listing application of the combined company.

Legal advisors to Quantumsphere include Celine & Partners, PLLC and Ogier, while Jeffrey & McCabe, PLLC serves as the U.S. securities counsel to Fortune Favor. Chain Stone Capital Limited (CTM) acts as the financial advisor to Fortune Favor.

Fortune Favor Technology Inc. has established a strong reputation for innovation, reliability, and customer-centric execution, positioning itself as a trusted partner in the global medical cold-chain sector. With deep capabilities across material engineering, structural design, and supply chain management, the company offers comprehensive customization solutions to meet evolving market demands for performance, presentation, and sustainability.

The proposed business combination is expected to enhance Fortune Favor’s market position and provide the necessary resources and strategic flexibility for future growth. Investors and security holders of Quantumsphere are urged to review the registration statement, the proxy statement/prospectus, and other relevant documents filed with the SEC, which will provide detailed information about the proposed transaction.

In summary, the merger between Fortune Favor Technology Inc. and Quantumsphere Acquisition Corporation is a significant step for both companies, aiming to leverage their combined strengths to capitalize on market opportunities and drive growth in the medical cold-chain transportation sector.