Polar Asset Management (QRED) discloses 6.2% beneficial stake in QuasarEdge
Rhea-AI Filing Summary
Polar Asset Management Partners Inc., an investment manager registered with the Ontario Securities Commission, reported beneficial ownership of ordinary shares of QuasarEdge Acquisition Corp.
Polar Asset Management Partners Inc., as investment advisor to Polar Multi-Strategy Master Fund, reported beneficial ownership of 990,000 ordinary shares, representing 6.2% of this class. It reported sole voting power and sole dispositive power over all 990,000 shares, with no shared voting or dispositive power.
Positive
- None.
Negative
- None.
Key Figures
Shares beneficially owned: 990,000 shares
Percent of class owned: 6.2%
Sole voting power: 990,000 shares
+1 more
4 metrics
Shares beneficially owned
990,000 shares
Ordinary Shares of QuasarEdge Acquisition Corp reported by Polar Asset Management Partners Inc.
Percent of class owned
6.2%
Percentage of QuasarEdge Acquisition Corp ordinary shares beneficially owned
Sole voting power
990,000 shares
Shares over which Polar Asset Management Partners Inc. has sole voting power
Sole dispositive power
990,000 shares
Shares over which Polar Asset Management Partners Inc. has sole dispositive power
Key Terms
beneficially owned, Sole Voting Power, dispositive power, CUSIP Number
4 terms
beneficially owned financial
"Item 4. | Ownership (a) | Amount beneficially owned: 990000"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
Sole Voting Power financial
"5 | Sole Voting Power 990,000.00 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.
dispositive power financial
"Sole Dispositive Power 990,000.00 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.
CUSIP Number financial
"(e) | CUSIP Number(s): G7315L101"
A CUSIP number is a nine-character code that uniquely identifies a specific U.S. or Canadian stock, bond, or other security, similar to a barcode or a social-security number for a financial instrument. It matters to investors because it removes confusion between similar securities, ensures trades and settlements are applied to the correct issue, and helps locate official documents and transaction records quickly.
FAQ
What is the role of Polar Asset Management Partners Inc. in relation to QuasarEdge Acquisition Corp (QRED) shares?
Polar Asset Management Partners Inc. acts as investment advisor to Polar Multi-Strategy Master Fund, which directly holds the QRED shares. Through this role, Polar Asset Management Partners Inc. reports beneficial ownership and control over 990,000 ordinary shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.