Quartzsea Acquisition amends underwriting agreement to revise deferred commission terms

Quartzsea Acquisition Corp

Deferred underwriting commission set at 4% of gross proceeds from firm units ($2,880,000) and option units (up to $432,000).
Commission payable from trust account only upon consummation of initial business combination, capped at 4% of trust funds after redemptions.
Underwriters may waive the deferred commission prior to business combination via written notice.
If no business combination, underwriters forfeit deferred commission; trust proceeds distributed pro-rata to public shareholders.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Quartzsea Acquisition Corp amended Amendment No. 1 to the Underwriting Agreement with Polaris Advisory Partners, LLC (f/k/a SPAC Advisory Partners), a division of Kingswood Capital Partners LLC (effective 2026-03-03).

Action: amendment
Agreement: underwriting
Counterparty: Polaris Advisory Partners, LLC (f/k/a SPAC Advisory Partners), a division of Kingswood Capital Partners LLC
Effective: 2026-03-03

Exact text from the filing

On March 3, 2026, Quartzsea Acquisition Corporation (the “Company”) entered into Amendment No. 1 to the Underwriting Agreement (the “Amendment”) with Polaris Advisory Partners, LLC (f/k/a SPAC Advisory Partners), a division of Kingswood Capital Partners LLC, as representative of the several underwriters (the “Representative”), and Kingswood Capital Partners LLC.

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Source: SEC EDGAR

accession 0001829126-26-002190

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