| Line Item | 2026-04-30 | Q/Q | Y/Y |
|---|---|---|---|
| Operating Income | -$72K | — | — |
| Net Income | $79K | — | — |
| Line Item | 2026-04-30 | Q/Q | Y/Y |
|---|---|---|---|
| Total Assets | $116.8M | — | — |
| Current Liabilities | $38K | -91.9% | — |
| Stockholders' Equity | $1.0M | +4527.2% | — |
| Line Item | 2026-04-30 | Q/Q | Y/Y |
|---|---|---|---|
| Operating Cash Flow | -$34K | — | — |
| Investing Cash Flow | -$115.6M | — | — |
| Financing Cash Flow | $116.4M | — | — |
Business Overview
QuasarEdge Acquisition Corporation is a blank check company incorporated in the Cayman Islands on August 8, 2025, formed to effect a merger, share exchange, asset acquisition, or similar business combination with one or more businesses. The Company completed its initial public offering on April 16, 2026, raising $100 million, followed by an over-allotment closing on April 21, 2026, raising an additional $15 million, with concurrent private placement proceeds of $2.85 million from the sponsor. As of April 30, 2026, the Company has not commenced operations and is in the process of identifying and pursuing business combination targets.
Forward Guidance
The Company has 15 months from April 16, 2026, to consummate its initial business combination. The Company must complete a Business Combination having an aggregate fair market value of at least 80% of the assets held in the Trust Account, excluding taxes payable on interest earned on the Trust Account, at the time of the agreement to enter into an initial Business Combination. If the Company is unable to complete a Business Combination within the Combination Period, the Company will cease all operations except for winding up and redeem public shares at a per-share price equal to the aggregate amount in the trust account divided by the number of outstanding public shares.
Key Risk Factors
The Company faces substantial doubt about its ability to continue as a going concern, as it must complete a business combination by July 16, 2027 (15 months from IPO) or trigger automatic liquidation. The Company has limited financial resources to sustain operations and will only generate non-operating income from trust account investments until a business combination is completed. There is no assurance the Company will successfully identify and complete a qualifying business combination with an aggregate fair market value of at least 80% of trust account assets. Public shareholders have redemption rights that could significantly reduce available capital for the business combination.