Quartzsea Acquisition Corp

quartzsea.com

Quartzsea Acquisition Corp (NASDAQ: QSEA) is a blank check company incorporated on November 5, 2024, as a Cayman Islands exempted corporation formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more target businesses. The company generates no operating revenue. It holds IPO proceeds in a trust account and deploys capital upon closing an initial business combination. Quartzsea completed its IPO on March 19, 2025, raising gross proceeds that included full exercise of a 1,080,000-unit over-allotment option, with total cash underwriting discounts of $586,500 and a deferred underwriting fee of $3,312,000 payable upon a business combination (per the 10-K filed 2026-03-16). The company has 15 months from IPO closing to consummate a business combination, with extension options available at $0.10 per public share per extension period. Auditors have issued a going concern qualification as of November 30, 2025, citing a significant working capital deficiency and operating losses. CEO, CFO, and Chairwoman Qi Gong has held all three roles since the company's formation. Sponsor is Blue Jay Investment LLC, a Delaware limited liability company affiliated with Ms. Gong.