The latest financial statement is for the quarter ending 2026-02-28.
| Cash Flow | 2026-02-28 | 2025-11-30 | 2025-08-31 |
|---|---|---|---|
| Net income (loss) | 529,085 | 250,514 | 260,445 |
| Interest earned on short-term investment | - | 0 | 7,966 |
| Interest earned on investments held in trust account | 759,908 | 830,241 | 1,572,491 |
| Prepaid expenses | -26,552 | -46,854 | 134,377 |
| Accrued administrative expense | - | 60,000 | - |
| Due from related party | 19,575 | 19,575 | - |
| Due to related party | 425 | - | - |
| Accrued administrative expense | 60,000 | 397,771 | 282,946 |
| Accounts payable and accrued expenses | 118,309 | - | - |
| Net cash used in operating activities | -5,962 | -94,677 | -1,171,443 |
| Purchase of short-term investment | - | 0 | 600,000 |
| Proceeds from sale of short-term investment | - | 0 | 607,966 |
| Purchase of investments held in trust account | - | 0 | 82,800,000 |
| Net cash used in investing activities | - | 0 | -82,792,034 |
| Proceeds from sale of public units | - | 0 | 82,800,000 |
| Proceeds from sale of private placements units | - | 0 | 2,319,000 |
| Payment of underwriter fees | - | 0 | 586,500 |
| Repayment of promissory note related party | - | 0 | 500,000 |
| Payment of offering costs | - | 0 | 273,251 |
| Net cash provided by financing activities | - | 0 | 83,759,249 |
| Net changes in cash | -5,962 | -94,677 | -204,228 |
| Cash - beginning of period | 12,095 | 106,772 | 311,000 |
| Cash - end of period | 6,133 | 12,095 | 106,772 |
Quartzsea Acquisition Corp (QSEAU)
Quartzsea Acquisition Corp (QSEAU)