QuasarEdge Acquisition Corp

Previous wording

This Quarterly Report includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Exchange Act that are not historical facts and involve risks and uncertainties that could cause actual results to differ materially from those expected and projected. All statements, other than statements of historical fact included in this Form 10-Q including, without limitation, statements in this “Management’s Discussion and Analysis of Financial Condition and Results of Operations” regarding the completion of the Proposed Business Combination (as defined below), the Company’s financial position, business strategy and the plans and objectives of management for future operations, are forward-looking statements. Words such as “expect,” “believe,” “anticipate,” “intend,” “estimate,” “seek” and variations and similar words and expressions are intended to identify such forward-looking statements. Such forward-looking statements relate to future events or future performance, but reflect management’s current beliefs, based on information currently available. A number of factors could cause actual events, performance or results to differ materially from the events, performance and results discussed in the forward-looking statements, including that the conditions of the Proposed Business Combination are not satisfied. For information identifying important factors that could cause actual results to differ materially from those anticipated in the forward-looking statements, please refer to the Risk Factors section of the Company’s Annual Report on Form S-1 filed with the U.S. Securities and Exchange Commission (the “SEC”). The Company’s securities filings can be accessed on the EDGAR section of the SEC’s website at www.sec.gov. Except as expressly required by applicable securities law, the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

Current wording

This Quarterly Report includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Exchange Act that are not historical facts and involve risks and uncertainties that could cause actual results to differ materially from those expected and projected. All statements, other than statements of historical fact included in this Form 10-Q including, without limitation, statements in this “Management’s Discussion and Analysis of Financial Condition and Results of Operations” regarding the completion of the Proposed Business Combination (as defined below), the Company’s financial position, business strategy and the plans and objectives of management for future operations, are forward-looking statements. Words such as “expect,” “believe,” “anticipate,” “intend,” “estimate,” “seek” and variations and similar words and expressions are intended to identify such forward-looking statements. Such forward-looking statements relate to future events or future performance, but reflect management’s current beliefs, based on information currently available. A number of factors could cause actual events, performance or results to differ materially from the events, performance and results discussed in the forward-looking statements, including that the conditions of the Proposed Business Combination are not satisfied. For information identifying important factors that could cause actual results to differ materially from those anticipated in the forward-looking statements, please refer to the Risk Factors section of the Company’s registration statement on Form S-1 and other reports filed with the U.S. Securities and Exchange Commission (the “SEC”). The Company’s securities filings can be accessed on the EDGAR section of the SEC’s website at www.sec.gov. Except as expressly required by applicable securities law, the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

Previous wording

Subsequent to quarter-end, on June 9, 2026, we entered into an Agreement and Plan of Merger with Robseek Intelligence Inc., Robseek Limited, Meng Tang, solely in his capacity as shareholder representative, Robseek Inc., and QRED Merger Sub Ltd. Pursuant to the Merger Agreement, the parties will consummate a business combination through a merger structure pursuant to which (i) we will merge with and into Robseek Inc., with Robseek Inc. surviving such merger, and (ii) immediately thereafter, QRED Merger Sub Ltd. will merge with and into Robseek Intelligence Inc., with Robseek Intelligence Inc. surviving such merger as a wholly owned subsidiary of Robseek Inc. At the effective time of the acquisition merger, the issued and outstanding ordinary shares of Robseek Intelligence Inc., other than excluded shares, will be cancelled in exchange for the right to receive the applicable portion of 100,000,000 ordinary shares of Robseek Inc., valued at $10.00 per share, based on an agreed pre-money equity valuation of Robseek Intelligence Inc. of $1,000,000,000, subject to allocation among Robseek Intelligence Inc. shareholders in accordance with the Merger Agreement. The proposed business combination remains subject to customary closing conditions, including shareholder approvals, effectiveness of a registration statement and approval for listing of Robseek Inc.’s securities on Nasdaq or the New York Stock Exchange.

Current wording

On June 9, 2026, we entered into an Agreement and Plan of Merger with Robseek Intelligence Inc., Robseek Limited, Meng Tang, solely in his capacity as shareholder representative, Robseek Inc., and QRED Merger Sub Ltd. Pursuant to the Merger Agreement, the parties will consummate a business combination through a merger structure pursuant to which (i) we will merge with and into Robseek Inc., with Robseek Inc. surviving such merger, and (ii) immediately thereafter, QRED Merger Sub Ltd. will merge with and into Robseek Intelligence Inc., with Robseek Intelligence Inc. surviving such merger as a wholly owned subsidiary of Robseek Inc. At the effective time of the acquisition merger, the issued and outstanding ordinary shares of Robseek Intelligence Inc., other than excluded shares, will be cancelled in exchange for the right to receive the applicable portion of 100,000,000 ordinary shares of Robseek Inc., valued at $10.00 per share, based on an agreed pre-money equity valuation of Robseek Intelligence Inc. of $1,000,000,000, subject to allocation among Robseek Intelligence Inc. shareholders in accordance with the Merger Agreement. The proposed business combination remains subject to customary closing conditions, including shareholder approvals, effectiveness of a registration statement and approval for listing of Robseek Inc.’s securities on Nasdaq or the New York Stock Exchange.

Previous wording

For the three months ended April 30, 2026, we had a net income of $79,108. The net income consisted of interest earned on investments held in the Trust Account of $151,407 offset by formation and operating costs of $72,299.

Current wording

For the six months ended July 31, 2026, we had net income of $660,739. Net income consisted of interest earned on investments held in the Trust Account of $1,189,068, offset by formation and operating costs of $528,329.

Previous wording

As of April 30, 2026, we had cash and cash equivalents of $810,746 and working capital of $1,015,433. In addition, as of April 30, 2026, we had $115,726,407 of cash and investments held in the Trust Account.

Current wording

As of July 31, 2026, we had cash and cash equivalents of $242,332 and working capital of $284,403. In addition, as of July 31, 2026, we had $116,764,068 of cash and investments held in the Trust Account.

Previous wording

Net cash used in operating activities for the three months ended April 30, 2026 was ($34,220). Net cash used in investing activities was ($115,575,000) and related to the purchase of investments held in the Trust Account. Net cash provided by financing activities was $116,418,718 and consisted primarily of proceeds from the IPO and private placements, partially offset by offering costs.

Current wording

Net cash used in operating activities for the six months ended July 31, 2026 was $452,634, which consisted of net income of $660,739 adjusted for interest earned on investments held in the Trust Account of $1,189,068 and changes in operating assets and liabilities of $75,695. Net cash used in investing activities was ($115,575,000) and related to the purchase of investments held in the Trust Account. Net cash provided by financing activities was $116,268,718 and consisted primarily of proceeds from the IPO and private placements, partially offset by the repayment of sponsor loans and the payment of offering costs.