Welcome to our dedicated page for Quartzsea Acquisition news (Ticker: QSEA), a resource for investors and traders seeking the latest updates and insights on Quartzsea Acquisition stock.
Quartzsea Acquisition Corporation (NASDAQ: QSEA, QSEAU, QSEAR) is a Cayman Islands exempted special purpose acquisition company (SPAC) in the Financial Services sector, described as a blank check company formed to complete a business combination. The news flow around Quartzsea focuses on its capital markets activities, proposed transactions, and regulatory disclosures as it pursues its stated objective of merging with one or more operating businesses.
One key area of news coverage involves Quartzsea’s initial public offering of units on the Nasdaq Global Market. Announcements have detailed the pricing and closing of the offering, the exercise of the underwriters’ over-allotment option, and the structure of the units, which include ordinary shares and rights that can convert into additional ordinary shares upon completion of an initial business combination.
Another major news theme is the company’s proposed business combination with Broadway Technology Inc, referred to as Gaokai, through its operating subsidiary Zhejiang Gaokai New Materials Co., Ltd. Public announcements describe an Agreement and Plan of Merger involving Quartzsea’s wholly owned subsidiary Cuisine Universal Packaging Solution and CUPS Sub Limited. These updates outline how Gaokai is expected to become a wholly owned subsidiary of Cuisine Universal and how the combined company expects to be listed on Nasdaq under the ticker symbol CUPS, subject to approvals and closing conditions.
Investors following QSEA-related news can expect updates on the progress of the proposed transaction, regulatory milestones such as SEC registration statements and proxy materials, shareholder meeting details, and any changes related to listing status or ticker symbols. News may also highlight Quartzsea’s SEC-related communications, including notifications about the timing of periodic filings. For ongoing monitoring of Quartzsea Acquisition Corporation, this news page aggregates company-specific press releases and regulatory news that relate directly to its SPAC activities and proposed combination with Gaokai.
Quartzsea Acquisition Corp (Nasdaq: QSEAU) announced that starting around May 12, 2025, holders of its 8,280,000 units from the company's IPO will have the option to trade ordinary shares and rights separately. The units will continue trading on Nasdaq under QSEAU, while the separated components will trade under symbols QSEA (ordinary shares) and QSEAR (rights). Unit holders must contact Continental Stock Transfer & Trust Co. through their brokers to separate their units.
Quartzsea Acquisition (NASDAQ: QSEAU) has successfully completed its initial public offering (IPO), raising $82.8 million through the sale of 8,280,000 units at $10.00 per unit. The total includes the full exercise of the underwriters' over-allotment option for an additional 1,080,000 units.
Each unit comprises one ordinary share and one right, with each whole right allowing holders to receive one-fifth of an ordinary share upon completing an initial business combination. The units began trading on NASDAQ under 'QSEAU' on March 18, 2025. The ordinary shares and rights will later trade separately under 'QSEA' and 'QSEAR' respectively.
SPAC Advisory Partners, a division of Kingswood Capital Partners, , served as the sole book running manager for the offering.
Quartzsea Acquisition (NASDAQ: QSEA) has announced the pricing of its upsized initial public offering (IPO) at $72 million. The company is offering 7,200,000 units priced at $10.00 per unit, with trading expected to commence on March 18, 2025, under the symbol 'QSEAU' on the Nasdaq Global Market.
Each unit comprises one ordinary share and one right, where each whole right allows holders to receive one-fifth of an ordinary share upon completing an initial business combination. The ordinary shares and rights will trade separately under 'QSEA' and 'QSEAR' respectively.
SPAC Advisory Partners, a division of Kingswood Capital Partners, , is serving as the sole book-running manager. Underwriters have a 45-day option to purchase up to 1,080,000 additional units for over-allotments. The offering is set to close on March 19, 2025, pending customary conditions.