Quartzsea Acquisition Corporation (NASDAQ:QSEAU) announced the pricing of its upsized $72 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “QSEAU”, Tuesday, March 18, 2025.
The new SPAC plans to conduct a broad search for a target company with a strong competitive advantage within its respective sector.
Quartzsea is led by Mitchell Mechigian, its Chief Executive Officer, Chief Financial Officer and Chairwoman Qi Gong. Its Board is to include Daniel M. McCabe, Ping Zhang and Wei Zhang.
Total SPAC deal count for 2025 year-to-date is now 17. This offering is expected to close on Wednesday, March 19, 2025.
SPAC Advisory Partners, a division of Kingswood Capital Partners, LLC is acting as sole book-running manager in the offering. Celine & Partners PLLC is serving as Issuer’s Counsel with Holland & Knight LLP serving as Underwriter’s Counsel. CBIZ CPAs PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
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