Revenue: As of FY2025, the actual value is USD 0.EPS: As of FY2025, the actual value is USD 0.06.EBIT: As of FY2025, the actual value is USD -4.323 M.<h4>Segment Revenue</h4><ul><li>Quartzsea Acquisition Corporation has not generated any operating revenues to date, focusing instead on organizational efforts and identifying a target company for an initial business combination .</li><li>Interest Income: The company generated $2,417,170 in interest income for the year ended November 30, 2025, which included $14,438 from general interest income and $2,402,732 from interest earned on investments held in the Trust Account; no interest income was reported for the prior period .</li></ul><h4>Operational Metrics</h4><ul><li>Net Income (Loss): For the year ended November 30, 2025, Quartzsea Acquisition Corporation reported a net income of $510,959. In contrast, for the period from November 5, 2024 (inception) through November 30, 2024, the company recorded a net loss of - $10,166 .</li><li>General and Administrative Expenses: General and administrative expenses amounted to $1,906,211 for the year ended November 30, 2025, compared to $10,166 for the period from November 5, 2024 (inception) through November 30, 2024 .</li></ul><h4>Cash Flow &amp; Liquidity</h4><ul><li>Cash: As of November 30, 2025, the company had cash of $12,095, a decrease from $311,000 as of November 30, 2024 .</li><li>Working Capital Deficit: The working capital deficit as of November 30, 2025, was - $649,389 .</li><li>Investments Held in Trust Account: The Trust Account held $85,202,732 in investments as of November 30, 2025. The redemption value per public share was approximately $10.29 as of the same date .</li><li>Proceeds from IPO and Private Placement: The Initial Public Offering (IPO) generated gross proceeds of $82,800,000, and a Private Placement generated gross proceeds of $2,319,000. A total of $82,800,000 from these net proceeds was placed in the Trust Account .</li></ul><h4>Unique Metrics &amp; Contractual Obligations</h4><ul><li>Merger Agreement: Quartzsea Acquisition Corporation entered into a Merger Agreement on June 6, 2025, to combine with Broadway Technology Inc. The aggregate consideration for Broadway Tech shareholders is $520,000,000, payable in newly issued Purchaser Ordinary Shares. Broadway Tech provided the Sponsor with $500,000 in working capital loans as of November 30, 2025, and a break-up fee of $500,000 is stipulated if the Merger Agreement is terminated due to default .</li><li>Administrative Services Agreement: The company is obligated to pay its Sponsor $20,000 per month for administrative services. For the year ended November 30, 2025, $171,400 was incurred, and $111,400 was paid, with a remaining accrued balance of $60,000 .</li><li>Deferred Underwriting Fee: A deferred fee of $3,312,000 (4.0% of gross IPO proceeds) is payable to the underwriter upon the closing of a Business Combination, capped by amounts remaining in the Trust Account after redemptions. An amendment on March 3, 2026, revised the calculation and payment terms, capping the deferred underwriting commission to 4.00% of funds remaining in the trust account after redemptions .</li><li>Finder’s Fee Agreement: The company agreed to pay Hugh Grow Investment Ltd. a retainer fee of $150,000 (paid in full as of November 30, 2025) and a success fee consisting of 1,560,000 ordinary shares of the surviving company upon closing a transaction .</li></ul><h4>Outlook / Guidance</h4>Quartzsea Acquisition Corporation intends to use the funds in the Trust Account and any additional financing to complete its initial business combination . The company has until June 19, 2026, to consummate a business combination, after which it would face automatic winding up, dissolution, and liquidation . Management has determined that these conditions raise substantial doubt about the company’s ability to continue as a going concern .

QUARTZSEA ACQUISITION CORP ORD USD0.0001 (18/02/2030) (S/R) | 10-K: FY2025 Revenue: USD 0