- A Form 3 filed May 26, 2026 discloses that The Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC crossed above 10% beneficial ownership of QuasarEdge Acquisition Corp (NYSE: QRED) — 1,476,550 ordinary shares — effective May 15, 2026.
- A Schedule 13G filed August 12, 2026 by the same two Goldman entities discloses 1,156,252 shares of GalaxyEdge Acquisition Corp (NYSE: GLED) — 7.2% of the outstanding class.
- Both figures were verified directly against the primary SEC EDGAR documents for this article, not taken from secondary reporting or social media.
- Both are passive-ownership disclosures — a Section 16 Form 3 and a Schedule 13G, not an activist Schedule 13D — and the GalaxyEdge filing's own "Type of Reporting Person" codes (HC, CO, BD, OO, IA) point to broker-dealer and investment-adviser inventory rather than a single directional bet.
- QuasarEdge and GalaxyEdge are the only two Luminark portfolio vehicles that already have signed, definitive de-SPAC merger agreements — with Robseek Intelligence Inc. (~$1B) and Rongcheng Group Limited ($350M), respectively.
The QuasarEdge Form 3
On May 26, 2026, The Goldman Sachs Group, Inc. filed a Form 3 — an Initial Statement of Beneficial Ownership of Securities, required under Section 16(a) of the Exchange Act whenever a person becomes a director, officer, or beneficial owner of more than 10% of a registered class. The form lists 1,476,550 ordinary shares of QuasarEdge Acquisition Corp, held indirectly, with the "10% Owner" box checked. The explanation of responses is explicit about timing: "On May 15, 2026, the Reporting Persons experienced an increase in their beneficial ownership of QuasarEdge Acquisition Corporation to above 10% of the outstanding Ordinary Shares." The filing was signed by Crystal Orgill, attorney-in-fact for Goldman Sachs.
A Form 3 filed for crossing 10% ownership is not the same instrument as a Schedule 13D or 13G, but it discloses the same underlying fact: once beneficial ownership of a class exceeds 10%, the holder becomes a Section 16 insider subject to ongoing reporting (and short-swing profit) rules, regardless of whether the position was accumulated actively or passively.
The GalaxyEdge Schedule 13G
On August 12, 2026, The Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC jointly filed a Schedule 13G against GalaxyEdge Acquisition Corp, disclosing 1,156,252 ordinary shares beneficially owned — 7.2% of the class, calculated against the 15,982,500 shares outstanding reported in GalaxyEdge's March 6, 2026 prospectus and subsequent 8-K. The cover pages list each entity's "Type of Reporting Person" separately: The Goldman Sachs Group, Inc. as HC (Holding Company) and CO (Corporation); Goldman Sachs & Co. LLC as BD (Broker-Dealer), OO (Other), and IA (Investment Adviser).
That combination of type codes matters for how the disclosure should be read. A Schedule 13G is the passive-ownership form — filers certify they are not holding the securities with the purpose or effect of changing or influencing control of the issuer, which is the dividing line from an activist Schedule 13D. Combined with the broker-dealer and investment-adviser codes, this reads as an aggregate position across Goldman's trading, market-making, and asset-management operations crossing the 5% disclosure threshold, not a single portfolio manager taking a concentrated directional stake. The same caveat applies to the QuasarEdge Form 3: it discloses a threshold being crossed, not an investment thesis.
Why It Lands on These Two Vehicles
Of Luminark Holdings' six tracked portfolio SPACs, QuasarEdge and GalaxyEdge are the only two with signed, definitive merger agreements already in place — QuasarEdge with Robseek Intelligence Inc. at a pre-money valuation of approximately $1 billion, and GalaxyEdge with Rongcheng Group Limited at $350 million. Both are also the portfolio's most seasoned listings: GalaxyEdge closed its IPO in March 2026 and QuasarEdge in April 2026, giving each several months of secondary-market trading history before these disclosures.
SPAC shares that have a signed merger target and are trading near or above the ~$10.00 trust value are a common destination for exactly the kind of aggregate broker-dealer and index-adjacent inventory a Schedule 13G reflects — market-making desks, options hedging, and passive fund replication all accumulate positions as deal-driven trading volume increases ahead of a shareholder vote. That is a different phenomenon from the PIPE-pricing conviction signal Luminark has written about elsewhere; it is nonetheless a data point worth tracking as both deals move toward their respective closing votes.
No comparable Goldman-filed position currently appears on record against Luminark's other four tracked vehicles — FutureWave, Pelican II, Albatross, or OceanLight — each of which is either earlier in its lifecycle or has not yet announced an acquisition target.