Quartzsea deposits $175K to extend deal deadline to Oct 19
Quartzsea Acquisition Corp (QSEA) disclosed that on September 19, 2026 it deposited $175,000 into its trust account for the benefit of public shareholders to extend the deadline to complete its initial business combination.
Rhea-AI Filing Summary
Quartzsea Acquisition Corp (QSEA) disclosed that on September 19, 2026 it deposited $175,000 into its trust account for the benefit of public shareholders to extend the deadline to complete its initial business combination. This moves the business combination deadline from September 19, 2026 to October 19, 2026.
The extension is made under previously approved amendments to the Second Amended and Restated Memorandum of Association and the Investment Management Trust Agreement, which allow month-to-month extensions through October 19, 2026. For each one-month extension, Quartzsea must deposit into the trust account the lesser of $175,000 or $0.033 per then-outstanding public share.
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8-K Event Classification
Item 8.01 — Other Events
1 item
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Key Figures
Trust deposit for extension: $175,000
New business combination deadline: October 19, 2026
Per-share extension cost cap: $0.033 per public share
+1 more
4 metrics
Trust deposit for extension
$175,000
Amount deposited on September 19, 2026 to extend business combination deadline by one month
New business combination deadline
October 19, 2026
Revised date by which the initial business combination must be consummated after the extension
Per-share extension cost cap
$0.033 per public share
Per-share metric used to calculate the lesser of $175,000 or $0.033 per then-outstanding public share for each one-month extension
Maximum extension period
Through October 19, 2026
Month-to-month extensions allowed under amended governing and trust documents
Key Terms
initial business combination, Investment Management Trust Agreement, trust account
3 terms
initial business combination financial
"extend the date by which the Company must consummate its 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.
Investment Management Trust Agreement financial
"amendments to the Company’s Second Amended and Restated Memorandum of Association and Investment Management Trust Agreement"
A written contract that names who will run and make investment decisions for a trust’s assets, spells out their authority, duties, fees and how performance and risks will be handled. It matters to investors because it defines who is responsible for growing and protecting the money—like hiring a caretaker with a clear job description—and sets the rules and safeguards that affect returns, costs and how disputes or withdrawals are resolved.
trust account financial
"deposited into the Company’s trust account for the benefit of its public shareholders"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Quartzsea Acquisition Corp (QSEA) announce on September 19, 2026?
Quartzsea Acquisition Corp announced it deposited $175,000 into its trust account to extend the deadline to complete its initial business combination from September 19, 2026 to October 19, 2026, in line with previously approved extension terms.
How long did QSEA extend its initial business combination deadline?
Quartzsea Acquisition Corp extended its initial business combination deadline by one month, moving it from September 19, 2026 to October 19, 2026, under provisions that permit month-to-month extensions through October 19, 2026.
How much did QSEA deposit into the trust for this extension?
For this extension, Quartzsea Acquisition Corp deposited $175,000 into its trust account for the benefit of its public shareholders, consistent with its extension terms tied to its trust arrangements.
What are the ongoing extension payment terms for QSEA (QSEA)?
For each one-month extension, Quartzsea Acquisition Corp must deposit into the trust account the lesser of $175,000 or $0.033 for each then-outstanding public share, as permitted by its amended governing and trust documents.
Until what date can QSEA continue extending its business combination deadline?
Quartzsea Acquisition Corp may extend its initial business combination deadline on a month-to-month basis through October 19, 2026, subject to making the required deposits into its trust account for each extension month.
AI-generated analysis. How Rhea-AI works. Not financial advice.
