ASP Isotopes Inc., through its wholly-owned subsidiary Quantum Leap Energy LLC (QLE), has announced a private placement of QLE's convertible notes to accredited and certain non-U.S. investors. The initial closing involves a total of US$64.3 million aggregate principal amount of convertible notes. The notes are unsecured and may be converted into common equity securities of QLE prior to maturity, upon the occurrence of certain events such as an IPO, direct listing, or future equity financing, at a price per share equal to the lower of 80% of the transaction price or a set valuation cap. The notes will mature on the fifth anniversary of the initial closing, unless converted earlier. QLE may not repay the notes prior to maturity unless there is a change of control. The offering was led by ASP Isotopes and American Ventures LLC, with contributions from Eric Trump and Donald Trump Jr. No interest rate information or URL for the full prospectus was provided in the document.