For the quarter ending 2026-02-28, QSEA has $86,044,744 in assets. $4,232,617 in debts.
| Balance Sheets | 2026-02-28 | 2025-11-30 | 2025-08-31 | |
|---|---|---|---|---|
| Cash | 6,133 | 12,095 | 106,772 | |
| Due from related party | - | 19,575 | - | |
| Prepaid expenses | 75,971 | 60,824 | 99,567 | |
| Total current assets | 82,104 | 92,494 | 206,339 | |
| Prepaid expenses | - | 41,699 | 49,810 | |
| Investments held in trust account | 85,962,640 | 85,202,732 | 84,372,491 | |
| Total assets | 86,044,744 | 85,336,925 | 84,628,640 | |
| Accrued administrative expense | 120,000 | 60,000 | - | |
| Accounts payable and accrued expenses | 800,192 | 681,883 | 284,112 | |
| Due to related party | 425 | - | - | |
| Total current liabilities | 920,617 | 741,883 | 284,112 | |
| Deferred underwriting fee payable | 3,312,000 | 3,312,000 | 3,312,000 | |
| Total liabilities | 4,232,617 | 4,053,883 | 3,596,112 | |
| Ordinary shares subject to possible redemption, 8,280,000 shares at redemption value of 10.38 and 10.29 per share as of february 28, 2026 and november 30, 2025, respectively | 85,962,640 | 85,202,732 | 84,372,491 | |
| Ordinary shares, 0.0001 par value 500,000,000 shares authorized 3,129,900 shares issued and outstanding as of february28, 2026 and november30, 2025 (excluding 8,280,000 shares subject to possible redemption as of february28, 2026 and november 30, 2025) | 313 | 313 | 313 | |
| Accumulated deficit | -4,150,826 | -3,920,003 | -3,340,276 | |
| Total shareholders deficit | -4,150,513 | -3,919,690 | -3,339,963 | |
| Total liabilities, ordinary shares subject to possible redemption and shareholders deficit | 86,044,744 | 85,336,925 | 84,628,640 | |
Quartzsea Acquisition Corp (QSEA)
Quartzsea Acquisition Corp (QSEA)