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.
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.