FORM 10-Q (MARK ONE)☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter ended April 30, 2026 ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period fromto Commission file number: 001-42787 QuasarEdge Acquisition Corporation(Exact Name of Registrant as Specified in Its Charter) 1185 Avenue of the Americas, 3rdFloorNew York, NY 10036(Address of principal executive offices) Tel: (212) 612-1400(Issuer’s telephone number) Check whether the issuer (1) filed all reports required to be filed by Section13 or 15(d) of the Exchange Act during the preceding 12months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filingrequirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company” and “emerging growth company” in Rule12b-2 of the Exchange Act. Accelerated filerSmaller reporting companyEmerging Growth Company Large accelerated filer☐Non-accelerated filer☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act).Yes☒No☐ Securities registered pursuant to Section12(b) of the Act: As of June 15, 2026, 16,040,000 Ordinary Shares, including Ordinary Shares underlying the units, par value $0.0001 per share, wereissued and outstanding. QuasarEdge Acquisition Corporation FORM 10-Q FOR QUARTER ENDED APRIL 30, 2026 TABLE OF CONTENTS Page PART I – FINANCIAL INFORMATION Item 1.Financial Statements1Condensed Balance Sheets as ofApril30, 2026 (Unaudited) andJanuary31, 20261Unaudited Condensed Statement of Operations for the Three Months EndedApril30, 20262Unaudited Condensed Statement of Changes in Shareholder’s (Deficit) Equity for the Three months EndedApril30, 20263Unaudited Condensed Statement of Cash Flows for the Three Months EndedApril30, 20264Notes to Unaudited Condensed Financial Statements5Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations16Item 3.Quantitative and Qualitative Disclosures About Market Risk21Item 4.Controls and Procedures21 Item 1.Legal Proceedings22Item 1A.Risk Factors22Item 2.Unregistered Sales of Equity Securities and Use of Proceeds22Item 3.Defaults Upon Senior Securities22Item 4.Mine Safety Disclosures22Item 5.Other Information22Item 6.Exhibits23 SIGNATURES24 QUASAREDGE ACQUISITION CORPORATIONCONDENSED BALANCE SHEETS QUASAREDGE ACQUISITION CORPORATIONUNAUDITED CONDENSED STATEMENT OF OPERATIONS QUASAREDGE ACQUISITION CORPORATIONUNAUDITED CONDENSED STATEMENT OF CHANGES IN SHAREHOLDER’S EQUITY (DEFICIT) FOR THE THREE MONTHS ENDED APRIL 30, 2026 QUASAREDGE ACQUISITION CORPORATIONUNAUDITED CONDENSED STATEMENT OF CASH FLOWS QUASAREDGE ACQUISITION CORPORATIONNOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS Note 1 — Organization, Business Operations QuasarEdge Acquisition Corporation (the “Company”) is a newly organized blank check company incorporated under the laws of theCayman Islands with limited liability on August 8, 2025. The Company was formed for the purpose of effecting a merger, shareexchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities(“Business Combination”). The Company is not limited to a particular industry or sector for purposes of consummating a BusinessCombination. The Company is an early stage and emerging growth company and, as such, the Company is subject to all of the risksassociated with early stage and emerging growth companies. The Company’s sponsor is Aspira Capital Consulting Ltd (the “Sponsor”), a British Virgin Islands business company. The registration statement for the Company’s initial public offering (“IPO”) was declared effective on April13, 2026. On April16,2026, the Company consummated its initial public offering (the “IPO”) of 10,000,000 units (the “Units”). Each Unit consists of oneordinary share of the Company, par value $0.0001 per share (the “Ordinary Shares”), and one right entitling the holder to receive one-fourth (1/4) of one Ordinary Share upon the consummation of the Company