NEW YORK, April 16, 2026 (GLOBE NEWSWIRE) -- QuasarEdge Acquisition Corp. (NYSE:QREDU, the "Company")) announced today that it closed its initial public offering ("IPO") of 10,000,000 units at an offering price of $10.00 per unit. The underwriters have a 45-day option from the date of the prospectus to purchase up to an additional 1,500,000 units from the Company at the IPO price to cover over-allotments, if any.

Each unit consists of one ordinary share and one right to receive one-fourth (1/4) of one ordinary share upon the consummation of an initial business combination. The units are listed on the New York Stock Exchange ("NYSE") and began trading under the ticker symbol "QREDU" on April 15, 2026. Once the securities comprising the units begin separate trading, the ordinary shares and rights are expected to be listed on NYSE under the symbols "QRED" and "QREDR," respectively.

Polaris Advisory Partners, a division of Kingswood Capital Partners LLC, served as the sole book-running manager for the offering.

Celine and Partners, P.L.L.C. served as legal counsel to the Company. O'Melveny & Myers LLP served as legal counsel to ...