QRED QuasarEdge Acquisition Corp
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
Actionable Insight
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.
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
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3275892 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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May 7, 2026
4w ago
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Press Release
| $9.89 $9.93 | ▲ +0.40% | ▼ −2.73% | $9.95 (+0.61%) |
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May 5, 2026
5w ago
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Press Release
| — | awaiting T+20 | — | — |
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Apr 17, 2026
7w ago
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Press Release
| — | awaiting T+20 | — | — |
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Apr 16, 2026
7w ago
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Press Release
| — | awaiting T+20 | — | — |
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Apr 8, 2026
8w ago
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EFFECT
| — | awaiting T+20 | — | — |
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Apr 1, 2026
9w ago
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S-1/A
| — | awaiting T+20 | — | — |
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Mar 5, 2026
13w ago
|
S-1
| — | awaiting T+20 | — | — |
US Market Status
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