Business Context and Reporting Period
This Form 8-K Current Report is filed by Quartzsea Acquisition Corp, a Cayman Islands-based emerging growth company, for the reporting period ending August 19, 2026. The filing addresses a critical regulatory event regarding the company's listing status on The Nasdaq Stock Market LLC.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, or cash flow data. The only specific financial figure disclosed is a past-due fee obligation of $75,000 related to Nasdaq Listing Rule 5250(f).
Material Changes and Events
- Delisting Notice: On August 19, 2026, Nasdaq notified the Company of a determination to delist its securities due to non-payment of required fees.
- Payment of Deficiency: On August 25, 2026, the Company paid the full outstanding balance of $75,000 and submitted evidence of payment to Nasdaq.
- Listing Status: As of the filing date, the Company has not received written confirmation from Nasdaq that the delisting determination has been withdrawn.
- Trading Suspension Risk: Without a timely appeal or withdrawal of the delisting determination, trading in the Company's Ordinary Shares was scheduled to be suspended at the opening of business on August 28, 2026.
Outlook, Risks, and Management Commentary
Management has requested that Nasdaq confirm the cure of the deficiency and the withdrawal of the delisting determination. Consequently, the Company does not currently intend to request a hearing before the Nasdaq Hearings Panel. However, the filing explicitly states there can be no assurance that Nasdaq will confirm compliance or withdraw the delisting determination before the scheduled suspension date.
Investor Verification Checklist
- Verify whether Nasdaq has officially withdrawn the delisting determination following the August 25, 2026 payment.
- Confirm the current trading status of securities (QSEAU, QSEA, QSEAR) on The Nasdaq Stock Market LLC.
- Monitor for any subsequent Form 25-NSE filings by Nasdaq indicating removal from listing.
- Review the Company's cash position to ensure future compliance with Nasdaq fee requirements.