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Quartzsea Acquisition Corporation ( (QSEA) ) has shared an update.
On June 6, 2025, Broadway Technology Inc entered into a merger agreement with Quartzsea Acquisition Corporation, a special purpose acquisition company. This merger will result in Broadway Tech becoming a wholly-owned subsidiary of Cuisine Universal Packaging Solution, which will be listed on Nasdaq under the ticker symbol ‘CUPS’. The transaction, valued at $520 million, involves Quartzsea merging with its subsidiary Cuisine Universal, and CUPS Sub Limited merging with Broadway Tech. The merger aims to enhance Broadway Tech’s market reach and operational capabilities, with implications for shareholder structure and voting rights. The transaction is subject to regulatory approvals and customary closing conditions.
More about Quartzsea Acquisition Corporation
Broadway Technology Inc, operating through its subsidiary Zhejiang Gaokai New Materials Co., Ltd., is a high-tech enterprise specializing in the manufacture of high-quality PET (polyethylene terephthalate) cups and lids. Their products are widely used in packaging markets such as aviation, yogurt, juice, fruit tea, coffee, and cold beverages. The company is located in Haining Jianshan New District, Zhejiang Province, and offers comprehensive PET cup customization services, including advanced printing technology for custom logos, sizes, and shapes.
Average Trading Volume: 332,974
For a thorough assessment of QSEA stock, go to TipRanks’ Stock Analysis page.