QuasarEdge Acquisition Corporation is offering 10,000,000 units at $10.00 per unit in an initial public offering to raise up to $100,000,000. Each unit contains one ordinary share and one right to receive one-fourth of a share upon consummation of an initial business combination. The underwriters have a 45-day option to purchase up to an additional 1,500,000 units for over-allotments. Upon closing, $10.05 per unit sold to the public will be deposited in a U.S.-based trust account to fund or preserve value for redemptions related to the initial business combination. The Sponsor holds 4,025,000 founder shares purchased for an aggregate of $25,000 and will purchase 270,000 private units simultaneously with closing. The company has 15 months to complete a business combination, subject to possible shareholder-approved extensions.
QuasarEdge Acquisition Corporation filed a Post-Effective Amendment to its Form S-1 updating its IPO terms for a $100,000,000 offering of 10,000,000 units. The filing increases the trust deposit to $10.05 per unit, extends the Combination Period from 12 months to 15 months, and states no additional securities are being registered. The sponsor (Aspira Capital Consulting LTD) will purchase 270,000 private units and holds 4,025,000 founder shares originally paid for at an aggregate $25,000. The filing discloses underwriting terms, potential dilution scenarios, listing expectations for the NYSE symbols QREDU/QRED/QREDR, and PRC-related regulatory risks tied to potential China-based targets.