IPFX PubCo, Inc. filed a Form 425 on November 10, 2026, transmitting a corrected transcript of Quantum Space, LLC's Analyst and Investor Day held on November 9, 2026, in connection with a proposed business combination.

Key Highlights

  • Launch timing corrected: References to Quantum Space's first vehicle, Prime, launching in "June or July 2027" or the "second quarter of 2027" were corrected in the transcript to the "second half of 2027."
  • NASA payload count corrected: References to delivering "three" NASA payloads to the moon were corrected to "two."
  • Subject company: The filing names Quantum Space, LLC as the subject company, with Commission File No. 333-299286-01.
  • Leadership team disclosed: Jim Bridenstine (CEO), Kerry Wisnosky (President and Co-Founder), and Adarsh Parekh (CFO) presented at the event; Phil Bracken serves as CTO and Ben Reed as Chief Growth Officer.
  • Board chairman identified: Kam Ghaffarian is named as chairman; according to the filing, two of his prior companies have already gone public and Quantum Space would be his third.
  • CFO background noted: Adarsh Parekh disclosed prior service as CFO of Sidus Space, which trades on the Nasdaq, and noted involvement in raising "well over $200 million" at that company.

Quantum Space Investor Day Transcript: Corrections and Key Disclosures

IPFX PubCo, Inc. filed the Form 425 pursuant to Rule 425 under the Securities Act of 1933 and Rule 14a-12 under the Securities Exchange Act of 1934. The filing sets out a corrected transcript of the Quantum Space, LLC Analyst and Investor Day from November 9, 2026. According to the filing, two specific factual errors were identified in the original event and corrected by bracket notation: the anticipated launch window for Prime was changed from "June or July 2027" and "second quarter of 2027" to the "second half of 2027," and the number of NASA payloads Quantum Space is said to be delivering to the moon was changed from "three" to "two."

The filing discloses that the company's leadership team includes CEO Jim Bridenstine, a former NASA Administrator and U.S. House of Representatives member who served on the Armed Services Committee and the Science Committee overseeing NASA and NOAA. President and Co-Founder Kerry Wisnosky disclosed more than 30 years of aerospace experience, including a role leading a Raytheon-Hughes joint venture building missile defense missiles and a prior co-founding of a company called Millennium. CFO Adarsh Parekh described over 25 years of experience in financial services, prior CFO roles at Sidus Space and Terran Orbital, and involvement in Terran Orbital's sale to Lockheed Martin.

According to the transcript, board chairman Kam Ghaffarian has previously brought companies including X-energy and Intuitive Machines to public markets, and Quantum Space is described in the filing as his third company planned to go public. The filing also references Quantum Space's interest in NASA's CLPS 2.0 program, which the current NASA administrator announced would focus on a moon base. The company characterizes its satellite technology as capable of sustained maneuver for dynamic space operations and of delivering payloads, including national security and NASA payloads, to the moon. These are the company's own characterizations and are subject to its cautionary language regarding forward-looking statements.

What Was Disclosed

IPFX PubCo, Inc. submitted a corrected transcript of Quantum Space, LLC's November 9, 2026 Analyst and Investor Day, noting two factual corrections to the original event regarding Prime's launch timing and the number of NASA lunar payloads, and introducing the company's leadership team and business focus.