Karpus Management (QSEA) reports 9.62% beneficial stake in Quartzsea Acquisition

Rhea-AI Filing Summary

Karpus Management, Inc., doing business as Karpus Investment Management, reports beneficial ownership of common shares of Quartzsea Acquisition Corp. This amendment reflects that accounts managed by Karpus hold 974,765 common shares, representing 9.62% of the class as of June 30, 2026.

Karpus, a New York corporation and registered investment adviser, has sole voting and dispositive power over all 974,765 shares and no shared power. The shares are owned directly by client accounts managed by Karpus. Karpus is controlled by City of London Investment Group plc, but the filing states that effective informational barriers result in Karpus exercising voting and investment power independently of CLIG.

Key Figures

Beneficially owned shares: 974,765 shares Percent of class: 9.62% Sole voting power: 974,765 shares +4 more

7 metrics

Beneficially owned shares 974,765 shares Common shares of Quartzsea Acquisition Corp beneficially owned by Karpus

Percent of class 9.62% Portion of Quartzsea common stock class reported as beneficially owned

Sole voting power 974,765 shares Shares over which Karpus has sole power to vote or direct the vote

Shared voting power 0 shares Shares over which Karpus reports shared voting authority

Sole dispositive power 974,765 shares Shares over which Karpus has sole power to dispose or direct disposition

Shared dispositive power 0 shares Shares over which Karpus reports shared dispositive authority

Reporting date 06/30/2026 Date associated with the ownership information in the Schedule 13G/A amendment

Key Terms

beneficially owned, sole voting power, dispositive power, registered investment adviser, +1 more

5 terms

beneficially owned financial

"Item 4. | Ownership (a) | Amount beneficially owned: 974,765.00"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

sole voting power financial

"Sole Voting Power 974,765.00 6 | Shared Voting Power 0.00"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

dispositive power financial

"Sole Dispositive Power 974,765.00 8 | Shared Dispositive Power 0.00"

Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.

registered investment adviser financial

"Karpus is a registered investment adviser under Section 203"

A registered investment adviser (RIA) is a firm or individual legally registered with regulators to give personalized investment advice and manage clients' money, with a duty to put clients’ interests ahead of their own. Think of an RIA as a licensed financial guide who must disclose fees, conflicts and how they are paid; that transparency and legal duty matter to investors because it reduces the risk of hidden costs or biased recommendations.

Schedule 13G/A regulatory

"CONTENT METADATA: form_type: "SCHEDULE 13G/A""

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

FAQ

What percentage of Quartzsea Acquisition Corp (QSEA) does Karpus Management own?

Karpus Management reports beneficial ownership of 9.62% of Quartzsea Acquisition Corp’s common shares. This corresponds to 974,765 shares over which Karpus has sole voting and dispositive power through accounts it manages.

How many Quartzsea Acquisition Corp (QSEA) shares are beneficially owned by Karpus Management?

Karpus Management reports beneficial ownership of 974,765 common shares of Quartzsea Acquisition Corp. The firm has sole voting and sole dispositive power over all of these shares, with no shared voting or dispositive authority reported.

Does Karpus Management share voting power over QSEA shares with any other party?

No. Karpus Management reports 0 shares with shared voting or shared dispositive power. It states sole voting power over 974,765 shares and sole dispositive power over 974,765 shares, all held in accounts it manages.

Who controls Karpus Management in relation to its QSEA holdings?

Karpus Management is controlled by City of London Investment Group plc. The filing states there are effective informational barriers, so Karpus exercises voting and investment power over Quartzsea shares independently of CLIG, avoiding attribution of beneficial ownership between them.

What type of entity is Karpus Management in the QSEA Schedule 13G/A filing?

Karpus Management is described as a registered investment adviser under Section 203 of the Investment Advisers Act of 1940 and a New York corporation. The Quartzsea shares are owned by client accounts that Karpus manages, not by Karpus personally.

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Available on EDGAR 08/14/2026 - 04:18 PM Accepted by SEC EDGAR 08/14/2026 - 04:09 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

Quartzsea Acquisition Corp

(Name of Issuer)

Common

(Title of Class of Securities)

G7314B104

(CUSIP Number)

06/30/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): G7314B104

1

Names of Reporting Persons

KARPUS MANAGEMENT, INC.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

NEW YORK

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 974,765.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 974,765.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

974,765.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

9.62 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Quartzsea Acquisition Corp
(b)	Address of issuer's principal executive offices: 1185 Avenue of the Americas, Suite 304, New York, NY 10036
Item 2.
(a)	Name of person filing: This statement is being filed by Karpus Management, Inc., d/b/a Karpus Investment Management ("Karpus" or the "Reporting Person"). Karpus is a registered investment adviser under Section 203 of the Investment Advisers Act of 1940. Karpus is controlled by City of London Investment Group plc ("CLIG"), which is listed on the London Stock Exchange. However, in accordance with SEC Release No. 34-39538 (January 12, 1998), effective informational barriers have been established between Karpus and CLIG such that voting and investment power over the subject securities is exercised by Karpus independently of CLIG, and, accordingly, attribution of beneficial ownership is not required between Karpus and CLIG. The Shares to which this Schedule 13G relates are owned directly by the accounts managed by Karpus.
(b)	Address or principal business office or, if none, residence: 183 Sully's Trail, Pittsford, New York 14534.
(c)	Citizenship: The members of the Karpus Management Committee are US citizens. Karpus is a New York corporation.
(d)	Title of class of securities: Common
(e)	CUSIP No.: G7314B104
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 974,765.00
(b)	Percent of class: 9.62 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 974,765.00
	(ii) Shared power to vote or to direct the vote: 0.00
	(iii) Sole power to dispose or to direct the disposition of: 974,765.00
	(iv) Shared power to dispose or to direct the disposition of: 0.00
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

KARPUS MANAGEMENT, INC.

Signature:	/s/ Jodi L. Hedberg
Name/Title:	Jodi L. Hedberg / Chief Compliance Officer
Date:	08/14/2026