NEW YORK, April 17, 2026 (GLOBE NEWSWIRE) -- QuasarEdge Acquisition Corporation (NYSE:QRED), today announced that the underwriters of its recently announced initial public offering exercised their over-allotment option to purchase an additional 1,500,000 units at the public offering price of $10.00 per unit, bringing the total units sold to 11,500,000. The closing of the over-allotment option, is expected to occur on April 21, 2026, subject to the satisfaction of customary closing conditions.

Each unit consists of one ordinary share and one right to receive one-fourth of one Ordinary Share upon the consummation of the initial business combination. The units are listed on The New York Stock Exchange ("NYSE") and began trading under the ticker symbol "QRED U" on April 15, 2026. Once the securities comprising the units begin separate trading, the ordinary share and rights are expected to be listed on NYSE under the symbols "QRED" and "QRED RT," 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 Polaris Advisory Partners LLC. ...