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Quartzsea Acquisition Corp (QSEA)

Quartzsea Acquisition Corp (QSEA)

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Balance Sheets Overview

Current Ratio
9.80%
Quick Ratio
9.80%
Debt to Asset Ratio
5.14%
Unit: Dollar
Assets Breakdown
    • Investments held in trust accoun...
    • Prepaid expenses
    • Cash
Liabilities Breakdown
    • Ordinary shares subject to possi...
    • Accumulated deficit
    • Deferred underwriting fee payabl...
    • Others
Balance Sheets
2026-05-31
2026-02-28
2025-11-30
2025-08-31
Cash
5,156
6,133
12,095
106,772
Due from related party
-
-
19,575
-
Prepaid expenses
107,306
75,971
60,824
99,567
Total current assets
112,462
82,104
92,494
206,339
Prepaid expenses
-
-
41,699
49,810
Investments held in trust account
86,732,878
85,962,640
85,202,732
84,372,491
Total assets
86,845,340
86,044,744
85,336,925
84,628,640
Accrued administrative expense
180,000
120,000
60,000
-
Accounts payable and accrued expenses
793,188
800,192
681,883
284,112
Due to related party
174,352
425
-
-
Total current liabilities
1,147,540
920,617
741,883
284,112
Deferred underwriting fee payable
3,312,000
3,312,000
3,312,000
3,312,000
Total liabilities
4,459,540
4,232,617
4,053,883
3,596,112
Ordinary shares subject to possible redemption, 8,280,000 shares at redemption value of 10.47 and 10.29 per share as of may31, 2026 and november 30, 2025, respectively
86,732,878
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 may31, 2026 and november30, 2025 (excluding 8,280,000 shares subject to possible redemption as of may31, 2026 and november 30, 2025)
313
313
313
313
Accumulated deficit
-4,347,391
-4,150,826
-3,920,003
-3,340,276
Total shareholders deficit
-4,347,078
-4,150,513
-3,919,690
-3,339,963
Total liabilities, ordinary shares subject to possible redemption and shareholders deficit
86,845,340
86,044,744
85,336,925
84,628,640
Unit: Dollar. Numbers labeled with * are estimated quarterly values.

Time Plot

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Balance Sheets

Prepaid expenses$107,306 Cash$5,156 Investments held in trustaccount$86,732,878 Total current assets$112,462 Total assets$86,845,340 Accumulated deficit-$4,347,391 Total liabilities,ordinary shares subject...$86,845,340 Total shareholdersdeficit-$4,347,078 Ordinary shares, 0.0001par value...$313 Ordinary shares subjectto possible...$86,732,878 Total liabilities$4,459,540 Deferred underwritingfee payable$3,312,000 Total currentliabilities$1,147,540 Accounts payable andaccrued expenses$793,188 Accrued administrativeexpense$180,000 Due to related party$174,352