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.
Terms Tracker for the Week Ending April 18, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. Six new SPACs filed to IPO this week. That’s not a typo. Six. Plus, another 13 amended S-1/A were filed. The total number of SPACs...
At the SPAC of Dawn As we close out Passover and head into Easter weekend, we’re reminded that even the most hopeless situations, like wandering the desert for 40 years, being dead for three days, or trying to close a DeSPAC with zero redemptions in this market, can eventually turn around. After all, SPACs have...
Globa Terra Acquisition Corporation (NASDAQ:GTERU) has filed for a $152.2 million SPAC to find an agriculture or food-tech target company The new SPAC is overfunded to 100.5% and is set to have both a 3/4 warrant and right to a 1/20 share in each of its units. This vies for the most investor-friendly unit coverage of...
EGH Acquisition Corp. (NASDAQ:EGHAU) has filed for a $150 million SPAC to continue the work of the Tortoise serial SPAC team under a fresh name. The new SPAC is not overfunded and will have one right to a 1/10 share in each of its units. It will have 24 months to initially close a business...
Yorkville Acquisition Corp. has filed for a $150 million SPAC to bring the sponsor’s experience in SPAC investing to a search for a technology, media or telecom target. The new SPAC is overfunded to 100.5% with $10.05 per unit in trust initially. Each unit is set to contain a 1/3 share and it will have...