Recent Updates — QRED

QuasarEdge Acquisition Corporation entered into a First Amendment to its Agreement and Plan of Merger with Robseek Intelligence Inc. The amendment clarifies that each QRED right entitles holders to receive one-fourth of an ordinary share upon business combination completion, eliminates the dual-class share structure in favor of a single voting class, and sets closing payment shares at 100 million. Lock-up restrictions for Purchaser shares are extended until the earlier of 180 days post-closing or satisfaction of a $12.50 trading price condition. QuasarEdge Acquisition Corporation operates as a blank check company focused on effecting a merger, capital stock exchange, asset acquisition, or similar business combination.

On June 9, 2026, QuasarEdge Acquisition Corporation (QRED) entered into a Merger Agreement to acquire Robseek Intelligence Inc. through a business combination. The transaction values Robseek Intelligence Inc. at a pre-money equity valuation of $1,000,000,000, with Robseek shareholders receiving a portion of 100,000,000 ordinary shares of the surviving entity, valued at $10.00 per share. The deal is subject to shareholder approvals and SEC registration statement effectiveness. QuasarEdge Acquisition Corporation is a special purpose acquisition company (SPAC) designed to effect a business combination.