What Quartzsea Acquisition does

Quartzsea Acquisition Corporation (NASDAQ: QSEA) is a blank check special purpose acquisition company (SPAC) formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more target businesses. The company is not limited to any particular industry or geographic region in its target search. Quartzsea completed its initial public offering on NASDAQ, raising $82.8 million by selling 8.28 million units, and is headquartered at 1185 Avenue of the Americas, 3rd Floor, New York. Its underwriting partners are Polaris Advisory Partners, LLC and Kingswood Capital Partners LLC, with whom it amended deferred commission terms in March 2026.

The company has no operating revenue, products, or services and operates exclusively as a capital-raising and acquisition vehicle. In May 2026, Quartzsea entered a definitive merger agreement with Eight Directions Technology Limited — a Hong Kong-, Los Angeles-, and Cayman Islands-based manufacturer of premium customized disposable packaging products — at approximately $515 million pre-money equity. The proposed transaction is designed to take Eight Directions public on Nasdaq and is subject to shareholder approvals, SEC review, Nasdaq listing approval, and other customary closing conditions. A shareholder class action investigation by Monteverde & Associates has been announced in connection with the deal's fairness. The combined entity's customer, product, and operational profile will be entirely a function of Eight Directions' business, as Quartzsea contributes no operating assets beyond the IPO trust.

Name

Quartzsea Acquisition

Legal name

Quartzsea Acquisition Corporation

Website

https://quartzsea.com

Company type

Public

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Quartzsea Acquisition Corporation (NASDAQ: QSEA) is a New York-based blank check SPAC that raised $82.8 million in its 2021 IPO to pursue a business combination, and has agreed to merge with Eight Directions Technology Limited, a premium disposable packaging manufacturer, at a $515 million pre-money equity value.

Ownership category

akta.pro rank

Product category

Special Purpose Acquisition Company (SPAC)

akta.pro primary industry

Buy-Side Search & Acquisition Advisory (FSAEAIAD)

Keywords

• Special purpose acquisition
• Blank check company
• Business combination services
• Reverse merger listings
• SPAC IPO services

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Distribution channels1 record

Marketing channels3 records

Core offering

Quartzsea Acquisition Corporation is a blank check company formed to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more target businesses. The company sold 8.28 million units in its Nasdaq IPO, raising $82.8 million, and is currently advancing a definitive merger agreement with Eight Directions Technology Limited valued at approximately $515 million pre-money equity.

Product overview

Quartzsea Acquisition Corporation is a single-offering Special Purpose Acquisition Company (SPAC) that raised $82.8 million through its IPO by selling 8.28 million units on NASDAQ. The company operates as a blank check entity whose sole purpose is to identify and complete a merger, share exchange, asset acquisition, or similar business combination with one or more target businesses. The company is currently in discussions regarding a proposed merger with Eight Directions Technology Limited, valued at approximately $515 million pre-money equity.

Differentiator

Problem solved

Functional benefit

Products and services

• SPAC Units (IPO Units) Units sold in the IPO, each comprising one share of common stock and a fraction of a redeemable warrant, listed on Nasdaq under ticker QSEA; offered to public investors as the entry security for the SPAC.
• Business Combination / SPAC Merger Service

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Eight Directions Technology LimitedcoreStrategic or Co-development PartnerEight Directions Technology Limited, a Hong Kong- and Los Angeles-based manufacturer of premium customized disposable packaging products, has agreed to merge with Quartzsea Acquisition Corporation in a deal valued at approximately $515 million pre-money equity. The transaction is designed to take Eight Directions Technology public on Nasdaq, providing access to U.S. capital markets and funding for future growth initiatives. The proposed merger has been approved by both companies' boards but remains subject to shareholder approvals, SEC review, Nasdaq listing approval, and other customary closing conditions.

Scale indicators2 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Northern Star Investment Corp. IV: A SPAC with a comparable IPO trust and broad business combination mandate. Highly comparable to Quartzsea in lifecycle stage, sector flexibility, and reliance on a single pending target.
• Hudson Executive Investment Corp. III: A Nasdaq-listed SPAC of comparable trust size pursuing a single business combination. Closely comparable to Quartzsea in capital structure, mandate breadth, and pre-closing execution risks.
• CF Acquisition Corp. V: A blank-check SPAC with a similar sector-agnostic mandate and comparable IPO trust size. Directly comparable to Quartzsea in mandate flexibility, structure, and stage of combination search.
• Spartan Acquisition Corp. III: A Nasdaq-listed SPAC of comparable size pursuing a business combination. Direct peer to Quartzsea in structure (blank-check, IPO-funded trust), target search posture, and public-market pathway to merger.
• Decarbonization Plus Acquisition Corp. IV: A SPAC comparable in structure and lifecycle stage. While thematically more focused, it shares the same blank-check mechanics, IPO-funded trust, and Nasdaq listing profile as Quartzsea.
• Focus Impact Acquisition Corp. A SPAC that raised a similar IPO trust size and pursued a single named business combination. Comparable to Quartzsea in size, mandate, and shareholder-vote-driven closing risk profile.
• Ginkgo Acquisition Corp. A SPAC with comparable IPO scale and sector-agnostic mandate. Directly comparable to Quartzsea in the pre-merger phase mechanics, including reliance on a single target and trust-funded structure.
• Mountain Crest Acquisition Corp. V: A smaller SPAC of comparable size that pursued a similar IPO and merger process. Directly comparable to Quartzsea in structure, IPO trust magnitude, and target-stage execution dynamics.
• KKR Acquisition Holdings I Corp. A SPAC sponsored by a major private equity platform. Comparable in being a Nasdaq-listed blank check pursuing a single business combination, though backed by a sponsor with deeper capital-markets reach.

Broad incumbents

• Kingswood Capital Partners LLC: One of Quartzsea's underwriting partners and a broader financial services firm active in capital markets advisory. Adjacent peer in that it provides SPAC-related infrastructure (underwriting, capital raising) rather than competing directly as a blank-check vehicle.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Quartzsea Acquisition