ASP Isotopes Announces Agreements to Exchange Certain QLE Convertible Notes for ASPI Common Stock

ASP Isotopes announced that it and its subsidiary Quantum Leap Energy (QLE) have entered into exchange agreements with certain convertible note holders. Approximately $109.2 million in QLE Notes will be exchanged for roughly 23.2 million shares of ASPI common stock, reducing QLE's outstanding convertible notes by approximately 50% from $219.8 million to $110.7 million. The transaction is intended to strengthen QLE's balance sheet and simplify its capital structure as it pursues a separate public listing.