Quartzsea Acquisition Corporation Closes $82.8 Million IPO with Full Over-Allotment

Deal News | Mar 19, 2025 | EIN

Quartzsea Acquisition Corporation successfully closed its initial public offering, raising $82.8 million through the sale of 8.28 million units priced at $10 each. The offering included the full exercise of underwriters’ over-allotment option, affirming robust investor interest. Each unit comprises one ordinary share and a right to acquire one-fifth of an ordinary share upon completion of a business combination. The units commenced trading on NASDAQ under QSEAU. Kingswood Capital Partners' SPAC Advisory Partners served as the sole book-running manager. The company, a blank check entity, intends to merge or acquire one or more businesses, with no restriction on industry or region for potential targets.

Sectors

Finance
Securities

Geography

United States – Quartzsea Acquisition Corporation and the offering itself are based in the United States, with operations commenced on NASDAQ, a US-based exchange.

Industry

Finance – Quartzsea Acquisition Corporation operates as a blank check company, a common vehicle in the financial sector for raising capital to fund business mergers or acquisitions.
Securities – The IPO and units traded on the NASDAQ pertain to the securities industry, involving the issuance and management of shares and financial instruments.

Financials

$82,800,000 – Total capital raised from the initial public offering of Quartzsea Acquisition Corporation.

Participants

Name	Role	Type	Description
Quartzsea Acquisition Corporation	Issuer of IPO	Company	A blank check company formed to merge with or acquire unspecified businesses.
Kingswood Capital Partners, LLC	Sole book-running manager	Company	Through its SPAC Advisory Partners division, Kingswood managed the logistics and underwriting of Quartzsea's IPO.
Securities and Exchange Commission (SEC)	Regulatory authority	Government	The SEC declared effective the registration statement for the Quartzsea IPO.