Quartzsea Acquisition 10-Q: $0.76M revenue, $0.05 EPS on trust interest
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Quartzsea Acquisition reported $0.76 million in revenue for the quarter, primarily from interest income on investments in its trust account, with a net income of $0.53 million and earnings per share of $0.05. The company, operating as a blank-check vehicle, recorded a $(0.23) million loss from operations due to public-company expenses. It previously attempted a $520 million merger with Broadway Tech, which was terminated without fees. The IPO proceeds remain in trust, and management expresses concerns about continuing operations without a business combination.
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