Quartzsea Acquisition Corp: extends combination deadline to Feb 19, 2027

What happened

• Quartzsea Acquisition Corp reported that at an Extraordinary General Meeting on Oct 13, 2026, its shareholders approved an amendment extending the deadline to consummate an initial business combination from Oct 19, 2026, to Feb 19, 2027, with the Company permitted to extend month-to-month for up to four additional one-month extensions.
• On Oct 15, 2026, the Company entered into Amendment No. 2 to the Investment Management Trust Agreement (the "Trust Amendment") with Continental Stock Transfer & Trust Company. The Trust Amendment permits corresponding monthly extensions through Feb 19, 2027 and requires, for each one-month extension, a deposit into the trust account of the lesser of $100,000 and $0.033 per then-outstanding public ordinary share. The Trust Amendment also requires disclosure of each monthly contribution on Form 8-K, provides a 30-day cure period for missed contributions before liquidation of the trust account, and prohibits modification of the extension terms during the extension period.
• In connection with the meeting, holders of 3,344,937 ordinary shares exercised redemption rights at approximately $10.71 per share for aggregate redemptions of approximately $35,800,000. Following the redemptions, 3,659,681 public ordinary shares remain outstanding.

Key details

• Record date: Sep 22, 2026; 10,134,518 ordinary shares issued and outstanding as of the record date.
• Shares present or represented: 8,411,452 (approximately 83.00% of outstanding shares), constituting a quorum.
• Vote results for Proposals 1, 2 and 3: For 6,745,828; Against 1,665,624; Abstain 0.
• Trust extension terms: monthly deposits equal to the lesser of $100,000 and $0.033 per then-outstanding public ordinary share; 30-day cure period for missed deposits; each monthly contribution disclosed on Form 8-K.

Why it may matter

• The filing reports Item 1.01 (entry into a material definitive agreement — the Trust Amendment), Item 5.03 (amendments to articles of incorporation extending the combination deadline) and Item 5.07 (submission of matters to a vote of security holders).
• The Company intends to file an amendment to its Second Amended and Restated Memorandum of Association with the Registrar of Companies of the Cayman Islands promptly following the Extraordinary General Meeting. This filing does not show why the insider traded or why the company acted.