Corporate ActionApr 27, 2026, 05:02 PM
QRED-UN Underwriters Exercise Full Over-Allotment for 1.5M Units
AI Summary
QuasarEdge Acquisition Corp's underwriters fully exercised their over-allotment option to purchase an additional 1,500,000 units at $10.00 per unit, generating $15,000,000 in gross proceeds. This follows the initial public offering of 10,000,000 units for $100,000,000. Including related private placements, the company placed a total of $115,575,000 into its trust account.
Key Highlights
- Underwriters fully exercised over-allotment option for 1,500,000 units.
- Generated additional gross proceeds of $15,000,000 from over-allotment.
- Initial public offering sold 10,000,000 units for $100,000,000.
- Private placement of 270,000 units generated $2,700,000.
- Additional private placement of 7,500 units generated $75,000.
- Total of $115,575,000 placed in the trust account.
Price Impact
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