- Company
- QuasarEdge Acquisition Corporation
- Ticker
- QREDU / QRED / QREDR (Nasdaq)
- IPO Size
- $100,000,000 (10M units @ $10.00)
- Exchange
- Nasdaq Global Market
- Unit Composition
- 1 ordinary share + 1/5 right
- Over-Allotment
- Up to 1,500,000 additional units
- CEO / CFO / Chair
- Qi Gong
- Sponsor
- Aspira Capital Consulting LTD
- Underwriter
- Polaris Advisory Partners
- Trustee
- Continental Stock Transfer & Trust Company
- Target EV Range
- $180 million to $1 billion
- Headquarters
- New York, NY
The Offering
QuasarEdge Acquisition Corporation (Nasdaq: QRED) has filed a new S-1 registration statement with the U.S. Securities and Exchange Commission for an initial public offering of 10,000,000 units at $10.00 per unit, targeting gross proceeds of $100 million. This represents a significant 67% upsize from the original $60 million filing made in September 2025, reflecting strong market confidence in the vehicle.
Each unit consists of one ordinary share and one right entitling the holder to receive one-fifth of one ordinary share upon the consummation of a business combination. The underwriters have been granted a 45-day over-allotment option to purchase up to 1,500,000 additional units, bringing total potential proceeds to $115 million.
Units will trade on the Nasdaq Global Market under the symbol "QREDU." Following the 52nd day after effectiveness, the ordinary shares and rights will begin trading separately under "QRED" and "QREDR," respectively.
Acquisition Strategy
QuasarEdge is targeting businesses with long-term growth potential and defensible market positions, with a stated enterprise value range of $180 million to $1 billion. While the company's acquisition mandate is not limited to a specific industry or geography, the leadership team's background in cross-border transactions and public market advisory positions the SPAC well for international deal sourcing.
Key acquisition criteria include:
- Businesses with enterprise values between $180 million and $1 billion
- Companies with defensible market positions and sustainable competitive advantages
- Targets with long-term growth trajectories in expanding markets
- Enterprises that would benefit from U.S. public market access and institutional capital
Trust Account & Investor Protections
Upon consummation of the offering, $10.00 per unit will be deposited into a U.S.-based trust account maintained by Continental Stock Transfer & Trust Company. Public shareholders retain full redemption rights, with the ability to redeem all or a portion of their ordinary shares at a per-share price equal to the aggregate amount on deposit in the trust account (including accrued interest, net of taxes payable).
QuasarEdge has 18 months from the closing of the offering to consummate its initial business combination, extendable to 21 months if a definitive agreement is signed within the initial period. If no business combination is completed within the allotted period, the trust funds will be distributed pro rata to public shareholders.
Sponsor & Leadership
The SPAC is sponsored by Aspira Capital Consulting LTD, which holds 4,025,000 founder shares (approximately 25.9% of outstanding shares post-IPO, subject to forfeiture of 525,000 shares if the over-allotment option is not exercised). The Sponsor has committed to purchasing 220,000 private units at $10.00 per unit in a concurrent private placement (plus up to 7,500 additional units if the over-allotment is exercised).
Qi Gong serves as Chief Executive Officer, Chief Financial Officer, and Chairwoman, bringing extensive capital markets experience as Founder and CEO of American Wall Street Listed Group and American Information Technology. Her leadership portfolio includes serving as CEO of Quartzsea Acquisition (Nasdaq: QSEA), which has signed a definitive merger agreement with Broadway Technology Inc. (Gaokai/Cuisine Universal).
Board of Directors
- Qi Gong - Chairwoman, CEO, and CFO
- Wei (Victor) Zhang - Independent Director Nominee (FRM certified)
- Daniel M. McCabe - Independent Director Nominee (Managing Partner, Daniel McCabe LLC)
- Ping Zhang - Independent Director Nominee (also Chairman/CEO of GalaxyEdge and Quantumsphere)
Proven SPAC Track Record
The QuasarEdge team operates an established portfolio of SPAC vehicles. Quartzsea Acquisition (QSEA) has signed a definitive merger agreement with Broadway Technology Inc. Quantumsphere Acquisition (Nasdaq: QUMS) raised $82 million and announced a pending business combination with SACH Pte. Ltd. at an implied $300 million valuation. Board members also hold positions across Yotta, Quetta, Black Hawk, and Pelican acquisition corporations, all of which have executed definitive merger agreements, demonstrating deep institutional experience in SPAC execution.
SEC Filing Timeline
Underwriting Terms
Polaris Advisory Partners serves as the sole bookrunning manager. The underwriting discount is $0.05 per unit, totaling $500,000 in aggregate (or $575,000 with full over-allotment exercise). The underwriter will also receive Representative Shares equal to 2% of the total ordinary shares sold in the offering (200,000 shares, or up to 230,000 shares with full over-allotment), issued in lieu of a deferred cash underwriting commission.
Key SPAC Terms
- Founder Shares: 4,025,000 ordinary shares held by Aspira Capital Consulting LTD (~25.9% post-IPO)
- Private Placement: 220,000 private units at $10.00 per unit (+ up to 7,500 additional units with over-allotment)
- Business Combination Deadline: 18 months from IPO closing (extendable to 21 months)
- Target Enterprise Value: $180 million to $1 billion
- Redemption Rights: Full redemption at trust value per share
- Redemption Limitation: 15% cap on group redemptions without prior consent
- Auditor: Simon & Edward, LLP (California, PCAOB-inspected)
- Working Capital Loans: Up to $1,500,000 convertible to private units at $10.00/unit
Sources & SEC Filings