{"url_path":"/sec/aspi/8-k/2026-07-16/item-1-01","section_key":"item-1-01","section_title":"Item 1.01 Entry into a Material Definitive Agreement.**","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-07-16","source_url":"https://www.sec.gov/Archives/edgar/data/1921865/0001477932-26-004337-index.html","accession_number":"0001477932-26-004337","cik":"0001921865","ticker":"ASPI","issuer_name":"ASP Isotopes Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1921865/0001477932-26-004337-index.html","primary_entity_key":"0001921865","primary_entity_name":"ASP Isotopes Inc."},"word_count":320,"has_tables":true,"body_markdown":"**Item 1.01. Entry into a Material Definitive Agreement.**\n\n \n\nOn July 15, 2026, ASP Isotopes Inc. (the “Company”) and Quantum Leap Energy LLC (“QLE”), a subsidiary of the Company, entered into separate, individually negotiated private exchange agreements (collectively, the “Exchange Agreements”) with certain holders of QLE’s outstanding 8.0% Convertible Promissory Notes due November 19, 2030 (the “QLE Notes”) to exchange approximately $109.2 million aggregate principal amount of the Notes (the “Exchanged Notes”), for an aggregate of 23,160,682 newly issued shares of the Company’s common stock, par value $0.01 per share (such exchanges, the “Exchange Transactions”), inclusive of accrued and unpaid interest on the Exchanged Notes to, but not including, the closing of the Exchange Transactions.  The Exchange Transactions are expected to close on July 16, 2026, subject to the satisfaction of customary closing conditions. Following the consummation of the Exchange Transactions, approximately $110.7 million aggregate principal amount of the Notes is expected to remain outstanding.\n\n \n\nThis Current Report on Form 8-K does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall it constitute an offer to sell or the solicitation of an offer to subscribe for or buy or an invitation to purchase or subscribe for any securities pursuant to the Exchange Transactions or otherwise, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law. The Exchange Transactions were conducted pursuant to an exemption from registration under the Securities Act of 1933, as amended (the “Securities Act”), in reliance on Section 4(a)(2) of the Securities Act or Rule 506 of Regulation D promulgated under the Securities Act.\n\n \n\nThe foregoing description of the Exchange Agreements and the Exchange Transactions does not purport to be complete and is qualified in its entirety by reference to the full text of the form of the Exchange Agreement, a copy of which is attached hereto as Exhibit 10.1."}