QuasarEdge Acquisition Corp, a Cayman Islands blank check company, completed its initial public offering of 10,000,000 units at $10.00 per unit, raising $100,000,000 in gross proceeds. Each unit includes one ordinary share and a right to receive one-fourth of an additional share following a business combination.
The company also sold 285,000 private placement units to its sponsor for $2,850,000. As of April 16, 2026, $103,500,000 from the IPO and private placement was deposited into a trust account for the benefit of public shareholders. QuasarEdge listed its units on the NYSE under the symbol QREDU and expects the ordinary shares and rights to trade separately as QRED and QREDR. The board appointed three new independent directors, established audit, governance, and compensation committees, and adopted Second Amended and Restated Memorandum and Articles of Association.