QuasarEdge Acquisition Corporation (QRED) filed an amendment to its previously announced merger agreement with Robseek Intelligence Inc. on October 6, 2026. The amendment, dated the same day, modifies the terms of the Agreement and Plan of Merger originally entered into on June 9, 2026.
Key changes disclosed in the filing include the elimination of the Class A and Class B ordinary share structure of the target company, Robseek. Under the amended terms, Robseek will provide for a single class of ordinary shares, with each share entitled to one vote. Additionally, the agreement clarifies that each right currently held by QRED shareholders entitles the holder to receive one-fourth of one ordinary share of the Purchaser upon the consummation of the initial business combination.
The filing also details adjustments to the shareholder allocation schedule, which now provides for an aggregate of 100,000,000 closing payment shares. Furthermore, the lock-up provisions for Purchaser ordinary shares issued to QRED shareholders have been amended. These shares will generally remain subject to transfer restrictions until the earlier of 180 days following the closing or the satisfaction of a specified $12.50 trading-price condition beginning at least 90 days following the closing.
