GalaxyEdge Acquisition Corporation, a Cayman Islands exempted company, has successfully completed its initial public offering (IPO) of 10,000,000 units at a price of $10.00 per unit, generating total gross proceeds of $100 million. This IPO was finalized on March 5, 2026. Following the IPO, the underwriters exercised their over-allotment option in full, purchasing an additional 1,500,000 units for $10.00 each, which brought in an additional $15 million. The closing of this over-allotment option occurred on March 12, 2026. In conjunction with this, the company also completed a private placement of 7,500 units to Equinox Capital Solutions Limited, generating $75,000. The total gross proceeds from these transactions amount to $115 million, which will be held in a trust account managed by Continental Stock Transfer & Trust. The units are listed on the New York Stock Exchange under the ticker symbol 'GLEDU', with the ordinary shares and rights expected to trade under 'GLED' and 'GLEDR', respectively, once they begin separate trading. The company aims to utilize these funds for potential mergers or acquisitions, particularly focusing on businesses in the Asia-Pacific region, while avoiding entities based in Greater China. The management team, led by CEO Ping Zhang, has extensive experience in investing and building businesses in this region. This successful capital raise positions GalaxyEdge Acquisition Corporation favorably for its future strategic initiatives.

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