Here are the 10-Q quarterly reports from QuasarEdge Acquisition Corporation (QRED) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow QRED and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full QRED filings page.
QuasarEdge Acquisition Corporation (QRED), a Cayman Islands blank check company, reported its first post-IPO quarter for the period ended July 31, 2026. It completed an IPO and over-allotment totaling $115.0 million of gross proceeds, placing $115.6 million into a Trust Account that grew to $116.8 million including interest. For the quarter, QuasarEdge generated net income of $581,631, driven by $1.0 million of interest on Trust investments, while formation and operating costs were $456,030.
On June 9, 2026, QuasarEdge signed a Merger Agreement to combine with Robseek Intelligence Inc. at a $1.0 billion agreed pre-money equity valuation, to be paid in 100,000,000 shares valued at $10.00 each, subject to customary closing conditions and effectiveness of a Form F-4 registration. Despite the large Trust balance, the company held only $242,332 of cash outside the Trust and disclosed substantial doubt about its ability to continue as a going concern if it fails to complete a business combination by July 16, 2027. Management also concluded its disclosure controls and procedures were ineffective, citing inadequate controls over identifying and timely disclosing commitments and contingencies.
QuasarEdge Acquisition Corporation reported its first quarter as a public SPAC for the period ended April 30, 2026. The company posted net income of $79,108, driven by $151,407 of interest on investments in its trust account, partially offset by $72,299 of formation and operating costs.
Following its IPO and full over-allotment exercise, QuasarEdge placed $115,575,000 into a trust account, which had grown to $115,726,407 including interest as of April 30, 2026. Outside the trust, it held cash of $810,746 and working capital of $1,015,433.
Subsequent to quarter-end, QuasarEdge signed a Merger Agreement to combine with Robseek Intelligence Inc. at a pre-money equity valuation of $1,000,000,000, with Robseek shareholders slated to receive 100,000,000 shares valued at $10.00 each, subject to approvals and closing conditions. Management also disclosed “substantial doubt” about the company’s ability to continue as a going concern if no business combination is completed by July 16, 2027, and identified ineffective disclosure controls related to commitments and contingencies.