Quartzsea Pays $75K Nasdaq Fee, Seeks Delisting Withdrawal
QSEA is trading near its 52-week low of $10 (6.0% above the low).
Summary
Quartzsea received a Nasdaq delisting notice for $75,000 in unpaid fees, paid the balance on August 25, and is awaiting Nasdaq's confirmation that the delisting has been withdrawn.
Key Events · Legal and Risk Events · QSEA
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Nasdaq Delisting Notice Received
On August 19, 2026, Nasdaq notified Quartzsea it would delist the company's securities for non-payment of $75,000 in fees required under Listing Rule 5250(f).
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Trading Suspension Deadline Set
Unless cured, trading in Quartzsea's ordinary shares would be suspended at the open on August 28, 2026, followed by a Form 25-NSE delisting filing.
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Fee Paid in Full
On August 25, 2026, the company paid the $75,000 outstanding balance and requested Nasdaq confirm the deficiency is cured and the delisting determination withdrawn.
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No Nasdaq Confirmation Yet
As of the filing date, Nasdaq has not confirmed withdrawal of the delisting determination, and the company does not intend to request a hearing before the Panel.
Analysis · QSEA · Real Estate & Construction
Nasdaq moved to delist Quartzsea on August 19 for failing to pay $75,000 in listing fees, with trading suspension set for August 28. The company paid the balance in full on August 25 and asked Nasdaq to withdraw the determination, but has not yet received written confirmation. For a SPAC already under going-concern pressure with only $5,156 in cash as of its last 10-Q, a delisting would be catastrophic — it would cut off access to public capital markets and likely trigger redemption chaos. The cure payment removes the immediate trigger, but the lack of Nasdaq confirmation leaves the outcome uncertain until the suspension date.
How filings like this one have moved
In the 30 days to Aug 25, 2026, 43.9% of the 999 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.15%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, QSEA was trading at $10.60 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $107.4M. The 52-week trading range was $10.00 to $10.86. This filing was assessed with negative market sentiment and an importance score of 9 out of 10.