Quartzsea Acquisition Corp Announces the Separate Trading of its Ordinary Shares and Rights

Rhea-AI Summary

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.

NEW YORK, May 08, 2025 (GLOBE NEWSWIRE) -- Quartzsea Acquisition Corp (Nasdaq: QSEAU, the “Company”) announced that, holders of the 8,280,000 units sold in the Company’s initial public offering may elect to separately trade the ordinary shares and rights included in the units, commencing on or about May 12, 2025. Any units not separated will continue to trade on the Nasdaq Global Market (the “Nasdaq”) under the symbol “QSEAU,” and the separated ordinary shares and rights are expected to trade on the Nasdaq under the symbols “QSEA” and “QSEAR,” respectively. Holders of units will need to have their brokers contact Continental Stock Transfer & Trust Co., the Company’s transfer agent, in order to separate the units into ordinary shares and rights.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Quartzsea Acquisition Corp

Quartzsea Acquisition Corporation is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company’s efforts to identify a prospective target business will not be limited to a particular industry or geographic region.

Forward-Looking Statements

This press release includes forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.

Contact

Qi Gong
Chief Executive Officer
Email: qgong@quartzsea.com
Tel: (212) 612-1400

FAQ

When will Quartzsea Acquisition Corp (QSEAU) begin separate trading of shares and rights?

Quartzsea Acquisition Corp will begin separate trading of ordinary shares and rights on or about May 12, 2025.

What are the trading symbols for Quartzsea Acquisition Corp's separated securities?

The ordinary shares will trade under QSEA and rights under QSEAR, while units will continue trading under QSEAU on Nasdaq.

How many units were sold in Quartzsea Acquisition Corp's IPO?

Quartzsea Acquisition Corp sold 8,280,000 units in its initial public offering.

How can QSEAU unit holders separate their units into shares and rights?

Unit holders must have their brokers contact Continental Stock Transfer & Trust Co., the company's transfer agent, to separate units into ordinary shares and rights.