QRED · Quasaredge Acquisition Corporation

QuasarEdge Acquisition Corporation, a blank check company, announced the full exercise of the underwriters' over-allotment option for its initial public offering, resulting in the sale of an additional 1,500,000 units at $10.00 per unit, generating $15 million in gross proceeds. Concurrently, the sponsor purchased 7,500 additional private placement units for $75,000. The net proceeds from the IPO, over-allotment, and private placements, totaling $115,575,000, were deposited into a trust account at $10.05 per unit. The unaudited pro forma balance sheet as of April 21, 2026 reflects these transactions, including adjustments for trust overfunding, underwriting commissions, and deferred offering costs. This capital raise strengthens the company's trust account for future business combination purposes.