QuasarEdge Acquisition Corporation Announces Full Exercise of Over-Allotment Option in IPO

New York, NY, April 17, 2026 – QuasarEdge Acquisition Corporation (NYSE: QRED U) today announced that the underwriters of its recently launched initial public offering (IPO) have exercised their over-allotment option in full. This development marks a significant milestone in the company’s IPO process and carries several important implications for current and prospective shareholders.

Key Points Investors Need to Know

• Over-Allotment Option Exercised: The underwriters have elected to purchase an additional 1,500,000 units at the public offering price of \$10.00 per unit.
• Total Units Sold: With this exercise, the total number of units sold in the IPO increases to 11,500,000 units.
• Closing Date: The closing of the over-allotment option is expected to occur on April 21, 2026, subject to customary closing conditions.
• Unit Structure: Each unit consists of one ordinary share and one right to receive one-fourth of one ordinary share upon the consummation of QuasarEdge’s initial business combination.
• Trading Information: The units began trading on the New York Stock Exchange (NYSE) under the ticker symbol “QRED U” on April 15, 2026. Once the securities comprising the units begin trading separately, the ordinary shares and rights are expected to be listed under the symbols “QRED” and “QRED RT”, respectively.

Important Details for Shareholders

• Potential Impact on Share Price: The exercise of the over-allotment option increases the total capital raised by QuasarEdge Acquisition Corporation, enhancing its ability to pursue a larger or more strategic initial business combination. This is a potentially price-sensitive event as it reflects strong demand for the IPO and investor confidence in the company’s prospects.
• Company Background: QuasarEdge is a blank check company (SPAC) incorporated in the Cayman Islands for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities.
• Target Focus: The company’s management team, led by Ms. Qi Gong (Chairwoman, CEO, and CFO), brings extensive experience in the Asia-Pacific region. However, the company has stated it will not pursue an initial business combination with any entity based in, or having the majority of its operations in, Greater China.
• Legal and Managerial Support: Polaris Advisory Partners, a division of Kingswood Capital Partners LLC, acted as sole book-running manager for the offering. Legal counsel was provided by Celine and Partners, P.L.L.C. for QuasarEdge and O’Melveny & Myers LLP for Polaris. The company’s sponsor is Aspira Capital Consulting Ltd.
• Regulatory Status: The IPO is being conducted pursuant to an effective registration statement (Form S-1, File No. 333-294027) previously declared effective by the SEC on April 13, 2026.
• Access to Prospectus: Investors can access the IPO prospectus via the SEC’s website or by contacting Polaris Advisory Partners LLC directly.

Forward-Looking Statements and Risks

The company notes that this announcement contains forward-looking statements, particularly concerning the completion of the IPO and the search for an initial business combination. There is no guarantee that the offering will be completed as described, or at all, or that the net proceeds will be used as planned. The company highlights that these forward-looking statements are subject to a range of risks and uncertainties, many of which are beyond the company’s control. Investors are urged to review the Risk Factors section in the company’s registration statement and preliminary prospectus.

Contact Information

QuasarEdge Acquisition Corporation
1185 Avenue of the Americas, 3rd Floor, New York, NY 10036
Telephone: (212) 612-1400
Website: quasaredge.co

Disclaimer: This article is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any securities. Any offering may only be made by means of an official prospectus. Forward-looking statements are not guarantees of future events or results and are subject to risks, uncertainties, and other factors. Investors should conduct their own due diligence and consult their financial advisors before making any investment decisions.

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