Traders should monitor for the SPAC's target announcement and timing of de-pegging between shares and rights. The over-allotment option, if exercised, would add 15% more shares to the float, potentially affecting pricing dynamics.
Price Chart
Executive Summary
QuasarEdge Acquisition Corp. (QRED) closed its initial public offering of 10 million units at $10.00 per unit, raising $100 million. Each unit consists of one ordinary share and one right to receive 1/4 of a share upon a business combination. The underwriters have a 45-day option to purchase up to an additional 1.5 million units to cover over-allotments.
Key Financial Metrics
Key Facts
- Closed IPO of 10,000,000 units at $10.00 per unit
- Raised $100 million in gross proceeds
- Underwriters have 45-day option to purchase up to 1,500,000 additional units
- Units began trading on NYSE under ticker QREDU on April 15, 2026
- Ordinary shares and rights will trade separately under QRED and QREDR once de-pegged
- Company is a Cayman Islands–based SPAC led by Ms. Qi Gong, targeting a business combination, particularly in the Asia-Pacific region
Financial Impact
$100 million raised, with potential for up to $115 million if over-allotment is exercised
Risk Factors
- SPAC may not complete a business combination within the required timeframe
- Potential dilution if over-allotment option is exercised
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3275892 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 6, 2026 19d ago | 425 | $10.06 | awaiting T+60 | — | $10.07 (+0.10%) |
Oct 6, 2026 19d ago | 8-K | $10.06 | awaiting T+60 | — | $10.07 (+0.10%) |
May 7, 2026 24w ago | Press Release | $9.89 $10.00 | ▲ +1.11% | ▼ −2.72% | $10.07 (+1.82%) |
May 4, 2026 24w ago | Press Release | — | awaiting T+60 | — | — |
Apr 27, 2026 25w ago | 8-K | $10.03 $10.17 | ▲ +1.45% | ▼ −2.54% | $10.07 (+0.45%) |
Apr 22, 2026 26w ago | 8-K | $10.03 $10.17 | ▲ +1.40% | ▼ −3.62% | $10.07 (+0.40%) |
Apr 17, 2026 27w ago | 8-K | $10.03 $10.12 | ▲ +0.90% | ▼ −5.88% | $10.07 (+0.40%) |
Apr 17, 2026 27w ago | Press Release | — | awaiting T+60 | — | — |
Apr 16, 2026 27w ago | Press Release | — | awaiting T+60 | — | — |
Apr 16, 2026 27w ago | 424B4 | $10.00 $10.12 | ▲ +1.20% | ▼ −5.85% | $10.07 (+0.70%) |
US Market Status
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