---
title: "SPAC GalaxyEdge Acquisition prices $100 million US IPO, targeting long-term growth"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/277784478.md"
description: "GalaxyEdge Acquisition, a SPAC backed by a Chinese sponsor, has priced its US IPO at $100 million, offering 10 million units at $10 each. Initially, it aimed to raise $60 million with 6 million units. Each unit includes one share of common stock and a right to receive a fraction of an ordinary share upon a business combination. Led by CEO Ping Zhang, the SPAC targets companies in underpenetrated markets. It plans to list on the NYSE as GLEDU, with Kingswood Capital Markets as the bookrunner."
datetime: "2026-03-04T13:10:38.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/277784478.md)
  - [en](https://longbridge.com/en/news/277784478.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/277784478.md)
---

# SPAC GalaxyEdge Acquisition prices $100 million US IPO, targeting long-term growth

GalaxyEdge Acquisition, a blank check company backed by a Chinese sponsor targeting long-term growth, raised $100 million by offering 10 million units at $10. The SPAC has originally filed to raise $60 million by offering 6 million units at the same price. Each unit consists of one share of common stock and one right to receive one-fourth of one ordinary share upon the consummation of an initial business combination. GalaxyEdge had previously filed with 1/7 rights before sweetening the terms this past Monday.

GalaxyEdge Acquisition is led by **CEO and CFO Ping Zhang**, the General Manager of Green Leaf Air Freight. The SPAC plans to target companies within large underpenetrated markets with favorable industry dynamics, with strong management teams, and a defensible market position with sustainable competitive advantage.

Management's previous SPAC **Quantumsphere Acquisition** (QUMS) raised $72 million in 2025, and is pending a combination with Singapore-based online game platform SACH.

GalaxyEdge Acquisition plans to list on the NYSE under the symbol GLEDU. Kingswood Capital Markets acted as sole bookrunner on the deal.

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