Quartzsea Acquisition Corp closes IPO of 8.28M units at $10, raising $82.8M in trust

Quartzsea Acquisition Corp

IPO of 8,280,000 units at $10/unit closed March 19; gross proceeds $82.8M.
Underwriters fully exercised overallotment (1,080,000 additional units).
Private placement of 231,900 units to sponsor Blue Jay Investment for $2,319,000.
Net proceeds of $82.8M deposited in trust; cash outside trust $1,245,878.
Auditor notes going concern: 15-month deadline to complete business combination by June 19, 2026.

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