QuasarEdge Acquisition Corp closes $100M IPO, places $100.5M in trust

QuasarEdge Acquisition Corp

IPO of 10M units at $10.00/unit raised $100M; sponsor bought 270K private units for $2.7M.
Total $100.5M net proceeds deposited in trust account for future business combination.
Auditor's report includes going concern qualification: company must complete business combination by July 16, 2027 or liquidate.
Balance sheet shows $989,747 cash outside trust for working capital; accumulated deficit of $81,985.

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