<span item_type="fundamental" item_id="d34eb81628e554041cb0cc1f22b30d61" counter_id="ST/US/QSEAU" env="prod"></span><span item_type="announcement" item_id="511031407256076417" env="prod"></span><p>EPS: As of FY2025 Q1, the actual value is USD -0.012.</p><p></p><h3>Segment Revenue</h3><p>Quartzsea Acquisition Corporation has not generated any operating revenues as of February 28, 2025, since it is a blank check company focused on completing a business combination.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2047455/000182912625003185/quartzsea_10q.htm"></span></p><h3>Operational Metrics</h3><ul><li><strong>Net Loss</strong>: The company reported a net loss of $31,255 for the three months ended February 28, 2025, primarily due to formation and operating costs of $33,504, offset by interest income of $2,249.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2047455/000182912625003185/quartzsea_10q.htm"></span></li><li><strong>Operating Costs</strong>: Formation and operating costs amounted to $33,504 for the three months ended February 28, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2047455/000182912625003185/quartzsea_10q.htm"></span></li></ul><h3>Cash Flow</h3><ul><li><strong>Net Cash Used in Operating Activities</strong>: The company reported net cash used in operating activities of - $8,051 for the three months ended February 28, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2047455/000182912625003185/quartzsea_10q.htm"></span></li><li><strong>Net Cash Used in Financing Activities</strong>: The company reported net cash used in financing activities of - $94,886 for the three months ended February 28, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2047455/000182912625003185/quartzsea_10q.htm"></span></li></ul><h3>Unique Metrics</h3><ul><li><strong>Deferred Offering Costs</strong>: Deferred offering costs amounted to $284,886 as of February 28, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2047455/000182912625003185/quartzsea_10q.htm"></span></li></ul><h3>Future Outlook and Strategy</h3><ul><li><strong>Core Business Focus</strong>: Quartzsea Acquisition Corporation intends to effectuate its initial business combination using cash from the proceeds of the IPO and private placement units, and expects to incur significant costs in pursuit of its acquisition plans.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2047455/000182912625003185/quartzsea_10q.htm"></span></li><li><strong>Non-Core Business</strong>: The company has entered into a Finders Fee Agreement with Hugh Grow Investment Ltd., agreeing to pay a retainer fee of $150,000 and a success fee of $3,500,000 upon the closing of a transaction.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2047455/000182912625003185/quartzsea_10q.htm"></span></li></ul>

Quartzsea Acquisition - Unit | 10-Q: FY2025 Q1 EPS: USD -0.012