QuasarEdge Acquisition Corp (QRED) Form 10-Q — Jun 15, 2026
QuasarEdge Acquisition Corporation reported its first quarterly results post-IPO for the period ended April 30, 2026, recording net income of $79,108 driven by interest income on the trust account. The company successfully closed its initial public offering and full exercise of the over-allotment option in April, placing $115,575,000 into a trust account invested in U.S. government securities. As of quarter-end, the company held $810,746 in cash outside of the trust to fund operations.
Key figures
- Eps
- 0.01
- Net Income
- 79108
- Cash Position
- 810746
- Shares Outstanding
- 16040000
- Target Shares Issued
- 100000000
- Trust Account Balance
- 115726407
- Target Pre Money Valuation
- 1000000000
Price after filing
Close on the filing date to close N calendar days later (from $9.98). Historical, not a forecast.
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.