Welcome to our dedicated page for Quartzsea Acquisition news (Ticker: QSEAR), a resource for investors and traders seeking the latest updates and insights on Quartzsea Acquisition stock.
Quartzsea Acquisition Corporation (Nasdaq: QSEAU, QSEA, QSEAR) is a blank check company formed as a Cayman Islands exempted company with limited liability to pursue a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities. Its public communications emphasize that it does not limit its search for a target business to any particular industry or geographic region.
This news page aggregates announcements and market updates related to Quartzsea’s activities as a special purpose acquisition company. Readers can follow coverage of its initial public offering of units on the Nasdaq Global Market, the structure of its units, ordinary shares and rights, and subsequent developments as it evaluates and executes its business combination strategy.
A key focus of recent news has been the announced Agreement and Plan of Merger involving Broadway Technology Inc, referred to as Gaokai, and the creation of Cuisine Universal Packaging Solution and CUPS Sub Limited as part of the transaction structure. Articles describe the planned SPAC merger of Quartzsea with and into Cuisine Universal, the concurrent merger of CUPS Sub Limited with and into Gaokai, and the expectation that the combined company, Cuisine Universal, will be listed on Nasdaq under the ticker symbol CUPS upon closing.
Investors and observers can use this page to review press releases on the pricing and closing of Quartzsea’s initial public offering, details of its unit and right terms, and updates on regulatory filings, shareholder approvals and other conditions related to the proposed business combination. Returning to this page allows users to monitor how Quartzsea progresses from a blank check company toward a potential combined operating business.
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.