---
title: "Quartzsea Acquisition to Merge With Eight Directions in SPAC Deal Valuing Target at $515 Million"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286547255.md"
description: "Quartzsea Acquisition has entered into a merger agreement with Eight Directions Technology through a SPAC deal valued at $515 million. The merger will convert Quartzsea securities into purchaser shares, creating a dual-class structure with Eight Directions as a subsidiary. Quartzsea secured shareholder and sponsor support agreements, including a no-redemption pledge, and plans a 180-day lock-up for key holders to ensure trading stability post-merger. The combined entity aims to maintain a Nasdaq listing."
datetime: "2026-05-15T10:23:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286547255.md)
  - [en](https://longbridge.com/en/news/286547255.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286547255.md)
---

# Quartzsea Acquisition to Merge With Eight Directions in SPAC Deal Valuing Target at $515 Million

Quartzsea Acquisition entered into an Agreement and Plan of Merger to combine with Eight Directions Technology through a two-step SPAC merger valuing the target at approximately $515 million pre-money at $10 per share. The transaction will convert Quartzsea securities into purchaser shares and create a dual-class structure, with Eight Directions becoming a wholly owned subsidiary. To bolster execution, Quartzsea also secured a Company Shareholder Support Agreement, a Sponsor Support Agreement including a no-redemption pledge, and outlined planned lock-ups and registration rights for holders. The parties intend to maintain a Nasdaq listing and transition company officers to lead the combined entity.

**Agreement 1: Quartzsea Acquisition to Merge With Eight Directions in SPAC Deal Valuing Target at $515 Million**

-   **Agreement type**: Agreement and Plan of Merger (SPAC Merger and Acquisition Merger)
-   **Counterparty**: Eight Directions Technology
-   **Signed / Effective**: May 13 2026 / May 13 2026
-   **Reason**: Business combination to create a Nasdaq-listed growth platform

**Agreement 2: Quartzsea Acquisition Secures Company Shareholder Support to Approve Eight Directions Merger**

-   **Agreement type**: Company Shareholder Support Agreement
-   **Counterparty**: Certain shareholders of Eight Directions Technology
-   **Signed / Effective**: May 13 2026 / May 13 2026
-   **Reason**: Secure votes and support for merger approval

**Agreement 3: Quartzsea Acquisition Obtains Sponsor Support, Including No-Redemption Commitment**

-   **Agreement type**: Sponsor Support Agreement
-   **Counterparty**: Blue Jay Investment and certain holders
-   **Signed / Effective**: May 13 2026 / May 13 2026
-   **Reason**: Enhance closing certainty and maintain trust capital

**Agreement 4: Quartzsea Acquisition Plans 180-Day Lock-Up for Key Holders at Closing of Eight Directions Deal**

-   **Agreement type**: Lock-Up Agreements (180-day transfer restrictions)
-   **Counterparty**: Certain Eight Directions shareholders, Blue Jay Investment, and other holders
-   **Duration / Termination**: 180 days
-   **Reason**: Promote trading stability post-merger

**Agreement 5: Quartzsea Acquisition to Enter Amended Registration Rights Agreement for Post-Merger Holders**

-   **Agreement type**: Amended and Restated Registration Rights Agreement
-   **Counterparty**: Certain shareholders of Quartzsea Acquisition and Eight Directions
-   **Reason**: Provide structured liquidity and resale pathways for holders

Original SEC Filing: Quartzsea Acquisition Corp \[ QSEA \] - 8-K - May. 14, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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