Quartzsea Acquisition Corp Extends SPAC Merger Deadline, Deposits $175K

What Happened
Quartzsea Acquisition Corp announced that on September 19, 2026 it caused $175,000 to be deposited into its trust account for the benefit of public shareholders to extend the deadline to consummate its initial business combination from September 19, 2026 to October 19, 2026. The extension was made under amendments to the company’s Second Amended and Restated Memorandum of Association and Investment Management Trust Agreement that shareholders approved on June 23, 2026.

Key Details

• Deposit amount: $175,000 deposited into the trust on September 19, 2026.
• New deadline: Extended one month, from Sept 19, 2026 to Oct 19, 2026.
• Extension mechanism: Shareholder-approved amendments permit month-to-month extensions through October 19, 2026.
• Per-extension requirement: For each one-month extension the company must deposit the lesser of (i) $175,000 or (ii) $0.033 per then-outstanding public share.

Why It Matters
The deposit gives Quartzsea an additional month to complete a business combination (the SPAC merger/acquisition) without liquidating or winding up the trust for public shareholders. Investors should note the new October 19, 2026 deadline and that further monthly extensions would require similar deposits (subject to the per-share cap), as allowed by the shareholder-approved amendments. This is a procedural update affecting timing and trust-account funding, not a disclosure of a new merger target or financial results.