QuasarEdge Acquisition Corporation (QRED.U) Prices $100M IPO
QuasarEdge Acquisition Corporation (NYSE:QRED.U) announced the pricing of its $100 million IPO and its units are expected to begin trading on the NYSE under the symbol “QRED.U”, Wednesday, April 15, 2026.
The new SPAC intends to mount a broad search for a business combination target that operates in a large under-penetrated markets with favorable energy dynamics.
QuasarEdge is to be led by Chairwoman, Chief Executive Officer and Chief Financial Officer Qi Gong. Ping Zhang, Wei Zhang and Daniel M. McCabe will serve on its Board of Directors.
Total SPAC deal count for 2026 year-to-date is now 67. This offering is expected to close on Thursday, April 16, 2026.
Polaris Advisory Partners, a division of Kingswood Capital Partners LLC, is acting as the sole book-running manager for the offering. Celine Partners LLP is serving as Issuer’s Counsel with O’Melveny & Myers LLP serving as Underwriter’s Counsel. Simon & Edwards LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
