QuasarEdge Acquisition Corp. announced that holders of its NYSE-listed units can elect to separately trade the underlying ordinary shares and rights beginning May 7, 2026. Units will keep trading under “QREDU,” while separated ordinary shares and rights are expected to trade under “QRED” and “QREDR,” respectively.
Each unit consists of one ordinary share and one right to receive one-fourth of an ordinary share upon completion of the company’s initial business combination. Holders wishing to separate their units must have their brokers contact Continental Stock Transfer & Trust Company, the transfer agent. The company also issued a press release with these details.
QuasarEdge Acquisition Corporation completed its initial public offering of 10,000,000 units at $10.00 each, raising $100,000,000, and the underwriters fully exercised their over-allotment option for 1,500,000 additional units, adding $15,000,000 of gross proceeds.
A total of $115,575,000, or $10.05 per unit, from the IPO, the over-allotment units and related private placements was deposited into a trust account. The company also issued additional private placement units and representative shares, and recorded related underwriting commissions, deferred offering costs and other expenses, which are reflected in an unaudited pro forma balance sheet as of April 21, 2026.
QuasarEdge Acquisition Corp Schedule 13G: Harraden-related entities report beneficial ownership of 926,986 Ordinary Shares, representing 5.78% of the class. The shares are reported as held by Harraden Fund and affiliated pools with shared voting and dispositive power of 926,986; ownership is indirect through Harraden GP/LLC and managed by Frederick V. Fortmiller, Jr.
QuasarEdge Acquisition Corporation has completed its SPAC IPO, selling 10,000,000 units at $10.00 each for gross proceeds of $100,000,000. Each unit includes one ordinary share and a right to receive one-fourth of a share after a business combination.
The sponsor simultaneously bought 270,000 private units for $2,700,000, and $100,500,000 was placed in a U.S. trust account for public shareholders. The balance sheet shows $989,747 of cash outside the trust and working capital of $931,283 as of April 16, 2026.
The company has 15 months from the IPO closing, until July 16, 2027, to complete a business combination or liquidate. Both management and the auditor highlight substantial doubt about the company’s ability to continue as a going concern given limited resources and this fixed deadline.
QuasarEdge Acquisition Corp director Zhang Wei filed an initial Form 3, which is the required statement of beneficial ownership when someone becomes an insider. The filing lists no transactions or current derivative positions, indicating this is a baseline disclosure of insider status rather than a trading report.
QuasarEdge Acquisition Corp director and officer Gong Qi filed an initial Form 3, which is a statement of beneficial ownership for insiders. The filing lists Gong Qi as Chairwoman, CEO, and CFO of QuasarEdge Acquisition Corp and does not report any share transactions or option exercises.
QuasarEdge Acquisition Corp director Zhang Ping filed an initial Form 3, which is the required statement of beneficial ownership when someone becomes an insider. The filing lists Zhang Ping as a director and does not report any insider transactions in this submission.
QuasarEdge Acquisition Corp director Daniel M. McCabe has filed an initial statement of beneficial ownership on Form 3. The filing identifies him as a director of the company with no reported purchases, sales, gifts, or other transactions and no derivative positions shown in this data.
Aspira Capital Consulting LTD, a more than ten percent owner of QuasarEdge Acquisition Corp, has reported its initial holdings. The Form 3 shows direct ownership of 4,025,000 ordinary shares, all acquired before QuasarEdge’s initial public offering.
The filing also notes Aspira’s interest in 285,000 rights that were issued in a private placement conducted simultaneously with the IPO. Each right is exchangeable for one-fourth of one ordinary share upon completion of QuasarEdge’s initial business combination, representing additional potential equity exposure for Aspira.
QuasarEdge Acquisition Corporation reported that underwriters of its initial public offering fully exercised their over-allotment option, purchasing 1,500,000 additional units at $10.00 per unit for $15,000,000 in additional gross proceeds. This increases the IPO to 11,500,000 units and aggregate gross proceeds to $115,000,000.
Each unit consists of one ordinary share and one right to receive one-fourth of one ordinary share upon completion of an initial business combination. The units trade on the NYSE under the symbol QREDU, with ordinary shares and rights expected to trade separately as QRED and QRED RT.