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.
• Eight Directions merger agreement signed May 13, implying about $515 million equity value; prior Broadway Tech deal was terminated 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.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Quartzsea Acquisition Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001829126-26-007542), on July 14, 2026, and is solely responsible for the information contained therein.