QuasarEdge Acquisition (QRED) investor files exit report after ownership falls to 0%
Rhea-AI Filing Summary
QuasarEdge Acquisition Corp received an amended Schedule 13G from Harraden Circle Investments, LLC and Frederick V. Fortmiller, Jr. reporting that they no longer beneficially own any Class A shares. After an internal reorganization effective June 30, 2026, the reporting persons’ beneficial ownership decreased to 0 shares, representing 0% of the Class A class.
The amendment classifies this as an exit filing for these reporting persons. They report no sole or shared voting power and no sole or shared dispositive power over any Class A shares. Certain Harraden-related funds continue to have rights to dividends or sale proceeds on securities previously reported for their accounts.
Positive
- None.
Negative
- None.
Key Figures
Beneficially owned shares: 0 shares
Percent of Class A owned: 0 %
Effective reorganization date: 06/30/2026
3 metrics
Beneficially owned shares
0 shares
Class A common stock beneficially owned after internal reorganization
Percent of Class A owned
0 %
Reported ownership percentage of Class A common stock
Effective reorganization date
06/30/2026
Internal reorganization after which beneficial ownership became 0%
Key Terms
beneficial owner, dispositive power, Sole Voting Power, exit filing
4 terms
beneficial owner regulatory
"have ceased to be the beneficial owners of more than five percent"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
dispositive power regulatory
"Sole Dispositive Power 0.00 8 | Shared Dispositive Power 0.00"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
Sole Voting Power regulatory
"5 | Sole Voting Power 0.00 6 | Shared Voting Power 0.00"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
exit filing regulatory
"This Amendment constitutes an exit filing for the Reporting Persons"
FAQ
What did Harraden Circle report in this Schedule 13G/A for QRED?
Harraden Circle Investments, LLC and Frederick V. Fortmiller, Jr. reported 0 beneficially owned Class A shares of QuasarEdge Acquisition Corp, representing 0% of the class, following an internal reorganization effective June 30, 2026.
Who are the reporting persons named in the QRED Schedule 13G/A amendment?
The amendment is filed on behalf of Harraden Circle Investments, LLC and Frederick V. Fortmiller, Jr.. Harraden Circle Investments acted as investment manager, and Mr. Fortmiller is identified as its managing member.
What caused the change in ownership status for QRED reported by Harraden Circle?
The reporting persons explain that an internal reorganization effective June 30, 2026 resulted in them no longer being beneficial owners of the securities previously reported, leading to reported ownership of 0 shares and 0% of the class.
AI-generated analysis. How Rhea-AI works. Not financial advice.