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Harraden Circle Exits Quartzsea Class A Ownership; Holdings Reported at 0%

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13G/A

Rhea-AI Filing Summary

Quartzsea Acquisition Corp is the subject of an amended Schedule 13G filed by a group of Harraden-related entities and an individual. The amendment states that the Reporting Persons no longer hold any beneficial ownership of the issuer's Class A common stock and that their aggregate reported ownership is 0 shares, representing 0% of the class. This amendment is described in the filing as an exit filing, reporting that the Reporting Persons have ceased to be beneficial owners of more than five percent of the outstanding Class A common stock.

The filing lists the reporting group members and explains their relationships: three investment funds directly held the shares reported, with a GP and adviser structure and an individual (the managing member) who may be deemed to indirectly own those shares by virtue of control positions. The filing reports no sole or shared voting or dispositive power across the listed entities.

Positive

  • Aggregate beneficial ownership reported as 0 shares, representing 0% of the Class A common stock
  • Amendment explicitly designated as an exit filing, clarifying the Reporting Persons have ceased to be >5% holders

Negative

  • Reporting Persons previously held more than 5% of Class A common stock but no longer report any beneficial ownership
  • No sole or shared voting or dispositive power is reported across the listed Harraden entities and the individual, indicating full divestment

Insights

TL;DR: Harraden-related entities report 0 shares (0%) of Quartzsea Class A stock in an exit amendment.

The amendment discloses that the listed Harraden funds and affiliated entities now report no beneficial ownership of the issuer's Class A common stock. The schedules show zero sole and shared voting and dispositive power across the reporting persons, and the filer explicitly characterizes the amendment as an exit filing after previously exceeding a five percent ownership threshold. For investors and compliance teams, this is a clear, formal removal of a previously reported large holder from beneficial-ownership tables; the filing contains factual ownership levels and organizational relationships but does not include transaction details or reasons for the change.

TL;DR: The Harraden group formally disclaims any current beneficial interest in Quartzsea Class A shares, eliminating reported control indicators.

From a governance perspective, the report establishes that neither the investment funds nor their GP, adviser, or managing member currently hold voting or dispositive power over Class A shares. The filing enumerates the entities in the reporting group and their roles (funds, GP, LLC, adviser, managing member), which documents the chain of possible indirect ownership but confirms no remaining beneficial ownership. The document is procedural and descriptive; it does not provide transactional specifics or implications beyond the ownership cessation.






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)






SCHEDULE 13G





SCHEDULE 13G





SCHEDULE 13G





SCHEDULE 13G





SCHEDULE 13G





SCHEDULE 13G





SCHEDULE 13G





SCHEDULE 13G



Harraden Circle Investments, LLC
Signature:/s/ Frederick V. Fortmiller, Jr.
Name/Title:Frederick V. Fortmiller, Jr., managing member
Date:08/14/2025
Harraden Circle Investors GP, LP
Signature:/s/ Frederick V. Fortmiller, Jr.
Name/Title:Frederick V. Fortmiller, Jr., managing member; Harraden Circle Investors GP, LLC, general partner
Date:08/14/2025
Harraden Circle Investors GP, LLC
Signature:/s/ Frederick V. Fortmiller, Jr.
Name/Title:Frederick V. Fortmiller, Jr., managing member
Date:08/14/2025
Harraden Circle Investors, LP
Signature:/s/ Frederick V. Fortmiller, Jr.
Name/Title:Frederick V. Fortmiller, Jr., managing member; Harraden Circle Investors GP, LLC, general partner; Harraden Circle Investors GP, LP, general partner
Date:08/14/2025
Harraden Circle Special Opportunities, LP
Signature:/s/ Frederick V. Fortmiller, Jr.
Name/Title:Frederick V. Fortmiller, Jr., managing member; Harraden Circle Investors GP, LLC, general partner; Harraden Circle Investors GP, LP, general partner
Date:08/14/2025
Harraden Circle Strategic Investments, LP
Signature:/s/ Frederick V. Fortmiller, Jr.
Name/Title:Frederick V. Fortmiller, Jr., managing member; Harraden Circle Investors GP, LLC, general partner; Harraden Circle Investors GP, LP, general partner
Date:08/14/2025
Frederick V. Fortmiller, Jr.
Signature:/s/ Frederick V. Fortmiller, Jr.
Name/Title:Frederick V. Fortmiller, Jr.
Date:08/14/2025

Comments accompanying signature: Explanatory Note: This Amendment is being filed to report that the Reporting Persons have ceased to be the beneficial owners of more than five percent of the outstanding shares of Class A common stock of the "Issuer". This Amendment constitutes an exit filing for the Reporting Persons.

FAQ

What does the Schedule 13G/A filed for Quartzsea (QSEAU) report about ownership?

The amendment reports that the Harraden reporting group collectively holds 0 shares of Quartzsea Class A common stock, representing 0% of the class.

Who are the Reporting Persons named in the Quartzsea (QSEAU) Schedule 13G/A?

The filing lists Harraden Circle Investments, LLC; Harraden Circle Investors GP, LP; Harraden Circle Investors GP, LLC; Harraden Circle Investors, LP; Harraden Circle Special Opportunities, LP; Harraden Circle Strategic Investments, LP; and Frederick V. Fortmiller, Jr.

Does the filing indicate any voting or dispositive power retained by the Harraden entities for QSEAU shares?

No. The filing shows 0 sole and 0 shared voting power and 0 sole and 0 shared dispositive power for each Reporting Person.

Does the amendment state whether this is an exit filing for Quartzsea (QSEAU)?

Yes. The amendment contains an explanatory note stating it constitutes an exit filing because the Reporting Persons have ceased to be beneficial owners of more than five percent of the Class A common stock.

Are there transaction details or reasons for the ownership change in the filing?

No. The filing reports the current ownership levels and the exit status but does not provide transaction specifics or reasons for the change.
QUARTZSEA ACQUISITION CORP

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