Quartzsea Acquisition, a blank check company targeting businesses in large underpenetrated markets, filed on Monday with the SEC to raise up to $60 million in an initial public offering.
The New York, NY-based company plans to raise $60 million by offering 6 million units at $10. Each unit consists of one share of common stock and one right to receive one-tenth of a share upon the completion of an initial business combination.
Quartzsea Acquisition is led by CEO, CFO, and Chairwoman Qi Gong, who has founded several consulting firms where she currently serves as CEO. While it has not selected a target industry or geography, the SPAC plans to focus on businesses in large underpenetrated markets with favorable industry dynamics, among other characteristics.
Quartzsea Acquisition was founded in 2024 and plans to list on the Nasdaq under the symbol QSEAU. Quartzsea Acquisition filed confidentially on December 23, 2024. SPAC Advisory Partners is the sole bookrunner on the deal.
