QuasarEdge Acquisition Corporation announced the full exercise of the over-allotment option for its IPO, increasing total gross proceeds to $115 million and total units sold to 11.5 million.
Key takeaways
Underwriters fully exercised the over-allotment option to purchase 1,500,000 additional units at $10.00 per unit.
The exercise generated additional gross proceeds of $15,000,000 for the Company.
Total IPO gross proceeds increased to $115,000,000 from the initial offering.
Total units sold in the IPO increased to 11,500,000 units.
Closing of the over-allotment option is expected to occur on April 21, 2026.
The Company is a blank check company targeting businesses in the Asia-Pacific region, excluding Greater China.