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Quartzsea wins up to four monthly merger extensions

Each monthly extension requires a trust deposit capped at the lesser of $100,000 or $0.033 per then-outstanding public share, with a 30-day cure period for missed deposits.

(High)

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Form Type
8-K

Rhea-AI Filing Summary

Quartzsea Acquisition Corp. (QSEA) shareholders approved an amendment moving the deadline to complete an initial business combination from October 19, 2026, to February 19, 2027, or an earlier date set by the board. The amendment allows up to four one-month extensions. The related trust amendment took effect October 15, 2026; for each monthly extension, the company must deposit the lesser of $100,000 and $0.033 per then-outstanding public ordinary share. Missed deposits have a 30-day cure period before trust liquidation.

At the October 13, 2026 meeting, all three proposals passed, each with 6,745,828 votes for and 1,665,624 against, with no abstentions. As of September 22, 2026, 10,134,518 ordinary shares were entitled to vote; 8,411,452 were present or represented, approximately 83.00%. Holders redeemed 3,344,937 ordinary shares at approximately $10.71 per share, for an aggregate redemption amount of approximately $35.8 million; 3,659,681 public ordinary shares remained outstanding after the redemptions.

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Analyzing...

Item 1.01 Entry into a Material Definitive Agreement Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year Governance
The company amended its charter documents, bylaws, or changed its fiscal year.
Item 5.07 Submission of Matters to a Vote of Security Holders Governance
Results of a shareholder vote on proposals at an annual or special meeting.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Extended business-combination deadline February 19, 2027 Or an earlier date set by the board
Monthly extension deposit cap $100,000 The lesser of this amount and $0.033 per then-outstanding public ordinary share
Monthly deposit per public ordinary share $0.033 per share Compared with the $100,000 cap for each one-month extension
Ordinary shares redeemed 3,344,937 shares In connection with the October 13, 2026 Extraordinary General Meeting
Redemption price Approximately $10.71 per share Price paid for redeemed ordinary shares
Aggregate redemption amount Approximately $35.8 million For the ordinary shares redeemed in connection with the meeting
Public ordinary shares remaining 3,659,681 shares After the redemptions
initial business combination technical
"deadline to consummate an initial business combination"
An initial business combination is the deal in which a special-purpose acquisition company (SPAC) merges with or acquires an operating business to bring that business onto public markets. Think of the SPAC as an empty shell that raises money from investors, then uses that cash to buy a private company—this transaction turns the private company into a public one and often changes its ownership, valuation, and access to capital, so investors should watch for shifts in risk, future growth prospects, and shareholder rights.
trust account financial
"deposit into the trust account"
A trust account is a special bank or brokerage account where assets are held and managed by a designated person or firm (the trustee) for the benefit of another person or group (the beneficiary). It matters to investors because it separates assets from personal or corporate funds, can protect assets, control how and when money is used, and may affect tax or legal rights—think of it as a locked drawer opened only under agreed rules.
redemption price financial
"at a redemption price of approximately $10.71 per share"
The redemption price is the amount of money a person receives when they sell or redeem a bond or investment before it matures. It’s important because it determines how much you get back and can affect your overall profit or loss on the investment. Think of it like the price you get when returning a gift card early—it's the value you receive at that time.
record date technical
"The record date for shareholders entitled to notice"
The record date is the specific day when a company determines which shareholders are eligible to receive a dividend or participate in an upcoming vote. It’s like a cutoff date; if you own the stock on that day, you get the benefits or voting rights. This date matters because it decides who qualifies for certain company benefits.
quorum technical
"constituting a quorum"
A quorum is the minimum number of members needed to officially hold a meeting or make decisions. It ensures that decisions are made with enough participation to represent the group’s interests, much like a majority must be present for a vote to be valid. For investors, understanding quorum is important because it affects when and how important company or organization decisions can be legally made.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What deadline did QSEA shareholders approve for a business combination?

Shareholders approved moving the deadline from October 19, 2026, to February 19, 2027, or an earlier date set by the board, with up to four one-month extensions.

How many QSEA shares were redeemed, and at what price?

Holders redeemed 3,344,937 ordinary shares at approximately $10.71 per share, for an aggregate redemption amount of approximately $35.8 million. After the redemptions, 3,659,681 public ordinary shares remained outstanding.

How much must QSEA deposit for each monthly extension?

For each one-month extension, the company must deposit into the trust account the lesser of $100,000 and $0.033 per then-outstanding public ordinary share.

What happens if QSEA misses a monthly trust contribution?

The trust amendment provides a 30-day cure period for missed contributions before liquidation of the trust account.

Can QSEA change the trust extension terms during the extension period?

The trust amendment prohibits modification of the extension terms during the extension period.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): October 13, 2026

 

Quartzsea Acquisition Corporation

(Exact name of registrant as specified in its charter)

 

Cayman Islands   001-42555   N/A
(State or other jurisdiction
of incorporation)
  (Commission
File Number)
  (IRS Employer
Identification No.)

 

1185 Avenue of the Americas, Suite 349

New York, NY

  10036
(Address of principal executive offices)   (Zip Code)

 

Registrant’s telephone number, including area code: (212) 574-4425

 

N/A

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation to the registrant under any of the following provisions:

 

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of exchange on which registered
Units, each consisting of one ordinary share and one right   QSEAU   The Nasdaq Stock Market LLC
Ordinary shares, par value $0.0001 per share   QSEA   The Nasdaq Stock Market LLC
Rights, each right entitling the holder to receive one-fifth of one ordinary share   QSEAR   The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ☒

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

 

 

Item 1.01 Entry into a Material Definitive Agreement

 

On October 15, 2026, following shareholder approval at the Extraordinary General Meeting, the Company entered into Amendment No. 2 (the “Trust Amendment”) to the Investment Management Trust Agreement, dated March 17, 2025, as previously amended, with Continental Stock Transfer & Trust Company, as trustee.

 

The Trust Amendment permits corresponding monthly extensions through February 19, 2027, as described in Item 5.03 above. For each one-month extension, the Company must deposit into the trust account the lesser of $100,000 and $0.033 for each then-outstanding public ordinary share. It also requires disclosure of each monthly contribution on Form 8-K, provides a 30-day cure period for missed contributions before liquidation of the trust account, and prohibits modification of the extension terms during the extension period.

 

The foregoing description is qualified in its entirety by the Trust Amendment, filed as Exhibit 10.1 hereto and incorporated herein by reference.

 

Item 5.03 Amendments to Articles of Incorporation or Bylaws; change in Fiscal Year.

 

On October 15, 2026, the Company’s Second Amended and Restated Memorandum of Association became effective following shareholder approval at the Extraordinary General Meeting. It permits the Company to extend its deadline to consummate an initial business combination from October 19, 2026, on a month-to-month basis for up to four one-month extensions, with a final extended deadline of February 19, 2027, or such earlier date as the Company’s board of directors may determine.

 

The foregoing description is qualified in its entirety by the Second Amended and Restated Memorandum of Association, filed as Exhibit 3.1 hereto and incorporated herein by reference.

 

Item 5.07 Submission of a Matter to a Vote of Security Holders.

 

On October 13, 2026, Quartzsea Acquisition Corporation (the “Company”) held an Extraordinary General Meeting of Shareholders (the “Extraordinary General Meeting”). The record date for shareholders entitled to notice of, and to vote at, the Extraordinary General Meeting was September 22, 2026. As of the record date, there were 10,134,518 ordinary shares issued and outstanding and entitled to vote at the Extraordinary General Meeting. Of these shares, 8,411,452 shares (representing approximately 83.00% of the outstanding ordinary shares), constituting a quorum, were present by virtual attendance or represented by proxy.

 

At the Extraordinary General Meeting, three proposals were submitted to the Company’s shareholders, each as described in more detail in the Company’s definitive proxy statement. The final voting results were as follows:

 

Proposal 1 – Extension Amendment

 

The Company’s shareholders approved an amendment to the Company’s Second Amended and Restated Memorandum of Association extending the deadline to consummate an initial business combination from October 19, 2026, to February 19, 2027, or such earlier date as the Board of Directors may determine, with the Company permitted to extend such date on a month-to-month basis for up to four additional one-month extensions.

 

For   Against   Abstain
6,745,828   1,665,624   0

 

1

 

 

Proposal 2 – Trust Agreement Amendment

 

The Company’s shareholders approved a corresponding amendment to the Company’s Investment Management Trust Agreement, dated March 17, 2025, with Continental Stock Transfer & Trust Company, extending the trust termination date from October 19, 2026, to February 19, 2027, on the same month-to-month basis described above. For each one-month extension, the Company will deposit into the trust account the lesser of (i) $100,000 or (ii) $0.033 per outstanding public share.

 

For   Against   Abstain
6,745,828   1,665,624   0

 

Proposal 3 – Adjournment Proposal

 

The Company’s shareholders approved a Proposal to authorize the chairman of the Extraordinary General Meeting to adjourn to a later date or dates, if necessary, to permit further solicitation and voting of proxies if there were insufficient votes to approve Proposal 1 or Proposal 2.

 

For   Against   Abstain
6,745,828   1,665,624   0

 

All three Proposals were approved. The Company intends to file an amendment to its Second Amended and Restated Memorandum of Association with the Registrar of Companies of the Cayman Islands promptly following the Extraordinary General Meeting.

 

In connection with the Extraordinary General Meeting, holders of 3,344,937 ordinary shares exercised their right to redeem such shares at a redemption price of approximately $10.71 per share for an aggregate redemption amount of approximately $35.8 million. Following the redemptions, 3,659,681 public ordinary shares remain outstanding.

 

Item 9.01. Financial Statements and Exhibits.

 

(d)Exhibits

 

Exhibit No.   Description
3.1   Second Amended and Restated Memorandum of Association, dated October 13, 2026
10.1   Amendment No.2 to the Investment Management Trust Agreement, dated October 15, 2026
104   Cover Page Interactive Data File

 

2

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

QUARTZSEA ACQUISITION CORPORATION  
     
By: /s/ Qi Gong  
Name: Qi Gong  
Title: Chief Executive Officer  
     
Date: October 19, 2026  

 

3

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