QuasarEdge amends merger deal with Robseek Intelligence, revising share terms and lock-up conditions
QRED•QuasarEdge Acquisition amended its merger agreement with Robseek Intelligence on Oct. 6, 2026, including a revised allocation of 100 million closing payment shares and lock-ups typically lasting up to 180 days or ending earlier under a $12.50 trading-price condition.
1. Revised merger terms
The amended agreement clarifies that each QuasarEdge right converts into one-fourth of one ordinary share at closing and replaces the purchaser’s dual-class structure with one class of shares carrying one vote each. It also revises the shareholder allocation schedule to provide 100 million closing payment shares and tightens lock-ups on merger consideration shares.
