Quartzsea swings to Q2 FY26 net income of $573,672; revenue remains no revenue

Quartzsea Acquisition swung to net income of $573,672 in the quarter ended May 31, 2026, versus a net loss of $27,147 a year earlier.

Interest income rose to $770,261 from $700,600, while general and administrative expenses fell to $196,589 from $727,747.

For the six months ended May 31, 2026, net income totaled $1.1 million, versus a net loss of $58,402 a year earlier.

Quartzsea signed a merger agreement with Eight Directions on May 13, implying about $515 million in equity value; its prior Broadway Tech deal was terminated on March 17.

Shareholders extended the deal deadline to Oct. 19; 1,275,382 shares were redeemed for about $13.4 million, leaving about $73.6 million in trust.