(MARK ONE)☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 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 the 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,” “smaller 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: FORM 10-Q FOR QUARTER ENDED APRIL 30, 2026 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 Business 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- On April17, 2026, the underwriters exercised their over-allotment option in full to purchase an additional 1,500,000 units at $10.00per unit, generating additional gross proceeds of $15,000,000. The over-allotment closed on April21, 2026. Simultaneously with theclosing of the IPO, the Company consummated a private placement (the “Private Placement”) in which Aspira Capital Consulting LTD(the “Sponsor”) purchased 270,000 units, and simultaneously with the closing of the over-allotment option, purchased an additional As of April30, 2026, the Company had not commenced any operations. All activity for the period from inception through April30,2026 related to the Company’s formation, the IPO, and activities necessary to identify and consummate a Business Combination. TheCompany will not generate operating revenues until after the completion of a Business Combination, at the earliest. The Company The Company’s management has broad discretion with respect to the specific application of the net proceeds of the IPO and the sale ofthe private placement units, although substantially all of the net proceeds are intended to be applied generally toward consummating aBusiness Combination. There can be no assurance that the Company will be able to complete a Business Combination successfully.The Company must complete a Business Combination having an aggregate fair market value of at least 80% of the assets held in theTrust Account, excluding taxes payable on interest earned on the Trust Account, at the time of the agreement to enter into an initial Upon the closing of the IPO on April16, 2026, $100,500,000 was deposited into a U.S.-based trust account maintained by ContinentalStock Transfer & Trust Company as trustee (the “Trust Account”). Upon the closing of the over-allotment option on April21, 2026, anadditional $15,075,000 was deposited into the Trust Account, resulting in an aggregate of $115,575,000 deposited into the TrustAccount. The funds held in the Trust Account are invested only in U.S. government treasury bills with a maturity of 185 days or less,or in money market funds meeting certain conditions under Rule2a-7 under the Investment Company Act and investing solely in U.S. The Company will provide its holders of the outstanding Public Shares (the “Public shareholders”) with the opportunity to redeem allor a portion of their Public Shares upon the completion of a Business Combination either (i) in connection with a shareholder meetingcalled to approve the Business Combination or (ii) by means of a tender offer. The decision as to whether the Company will seekshareholder approval of a Business Combination or conduct a tender offer will be made by the Company, solely in its discretion. ThePublic Sharehol