Quartzsea Announces Upsized $72M IPO Pricing

Deal News | Mar 18, 2025 | EIN

Quartzsea Announces Upsized $72M IPO Pricing

Quartzsea Acquisition Corporation, a Cayman Islands exempted company, has announced the pricing of its upsized initial public offering at $72 million, featuring 7,200,000 units priced at $10 each. The units are expected to trade on the NASDAQ Global Market starting March 18, 2025, under the ticker QSEAU. Each unit includes one ordinary share and a right granting one-fifth of a share upon a business combination. The offering, managed by SPAC Advisory Partners of Kingswood Capital Partners, includes a 45-day option for underwriters to purchase an additional 1,080,000 units. The offering is set to close on March 19, 2025, pending customary conditions, and marks a significant step for Quartzsea as it aims to target business combinations in various industries. The effective registration statement was declared by the SEC on March 14, 2025.

Sectors

  • Finance
  • Investment

Geography

  • United States – Headquartered in New York, NY, the offering is pertinent to the U.S. market landscape.
  • Cayman Islands – Quartzsea Acquisition Corporation is incorporated under Cayman Islands law.

Industry

  • Finance – The industry is relevant as the article discusses an initial public offering (IPO) and the activities of a SPAC, which are financial transactions.
  • Investment – Quartzsea's aim to identify business combinations across industries and regions situates it within the investment sector.

Financials

  • $72,000,000 – The total amount raised from the initial public offering.
  • 7,200,000 units – The number of units offered in the IPO, each priced at $10.

Participants

NameRoleTypeDescription
Quartzsea Acquisition CorporationTarget companyCompanyA SPAC seeking to effect a business combination across industries.
SPAC Advisory Partners, a division of Kingswood Capital Partners, LLCBook-running managerCompanyThe firm handling the IPO for Quartzsea.