Quartzsea Acquisition Corporation Announces Closing of $82,800,000 Initial Public Offering, Including Full Exercise of Underwriters' Over-Allotment Option

NEW YORK, March 19, 2025 (GLOBE NEWSWIRE) -- Quartzsea Acquisition Corporation (NASDAQ:QSEAU, the "Company")) announced today that it has closed its initial public offering of 8,280,000 units at $10.00 per unit. This includes the exercise in full by the underwriters of their over-allotment option to purchase up to an additional 1,080,000 units. Each unit consists of one of the Company's ordinary shares and one right, with each whole right entitling the holder thereof to receive one-fifth (1/5) of one ordinary share upon the consummation of an initial business combination.

The units are listed on the Nasdaq Global Market ("NASDAQ") and began trading under the ticker symbol "QSEAU" on March 18, 2025. Once the securities comprising the units begin separate trading, the ordinary shares and rights are expected to be listed on NASDAQ ...