Here are the 10-Q quarterly reports from Quartzsea Acquisition Corporation Units (QSEAU) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow QSEAU and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full QSEAU filings page.
Quartzsea Acquisition Corp. reported net income of $458,897 for the three months ended August 31, 2026, compared with $318,847 a year earlier; nine-month net income was $1,561,654, versus $260,445. Nine-month trust-account interest was $2,233,041, while general and administrative expenses were $671,490. The company reported no operating revenue to date as it seeks a business combination.
Under its May 13, 2026 agreement, Quartzsea would combine with Eight Directions Technology Limited through Eight Directions Global Limited, with aggregate consideration of $515,000,000 in 51,500,000 newly issued shares valued at $10.00 each. The transaction remains subject to Quartzsea shareholder approval, effectiveness of the SEC registration statement, and Nasdaq listing approval. A preliminary proxy seeks approval to extend the deadline from October 19, 2026 to October 19, 2027 through up to twelve one-month extensions, each funded at the lesser of $60,000 or $0.033 per Public Share.
As of August 31, 2026, cash was $848, the working capital deficit was $1,804,077, and trust-account investments were $74,568,817. Management concluded that substantial doubt exists about the company’s ability to continue as a going concern, citing its liquidity and the business-combination deadline. Nasdaq withdrew its delisting determination after Quartzsea paid the $75,000 past-due fee.