SCHEDULE: TD Securities Discloses 2.5% Stake in Quartzsea
Beneficial Ownership Report (Schedule 13G Amendment)
TD Securities (USA) LLC, along with its parent entities, reported a 2.5% beneficial ownership stake in Quartzsea Acquisition Corporation's ordinary shares.
Summary
- TD Securities (USA) LLC beneficially owns 280,095 ordinary shares of Quartzsea Acquisition Corporation, representing 2.5% of the class.
- TD Securities (USA) LLC holds sole voting power and sole dispositive power over all 280,095 shares.
- The filing is an Amendment No. 1 to a Schedule 13G, indicating a change or update to a previously reported beneficial ownership.
- The reporting persons include TD Securities (USA) LLC, Toronto Dominion Holdings (USA) Inc., TD Group US Holdings LLC, and Toronto Dominion Bank.
- Toronto Dominion Holdings (USA) Inc., TD Group US Holdings LLC, and Toronto Dominion Bank disclaim beneficial ownership of the shares except to the extent of their pecuniary interest through their ownership of TD Securities (USA) LLC.
Sentiment
Score: 5
Explanation: This is a factual ownership disclosure filing, not containing performance or forward-looking statements that would indicate positive or negative sentiment.
Positives
- NA
Negatives
- NA
Risks
- NA
Future Outlook
NA
Industry Context
This filing is a standard regulatory disclosure for institutional investors reporting beneficial ownership of 5% or less of a company's outstanding shares, indicating a passive investment position.
Related Party Transactions
- The filing details a hierarchical ownership structure where Toronto Dominion Holdings (USA) Inc. is the sole owner of TD Securities (USA) LLC, TD Group US Holdings LLC is the sole owner of Toronto Dominion Holdings (USA) Inc., and Toronto Dominion Bank is the sole owner of TD Group US Holdings LLC. These entities are deemed to hold an indirect interest in the reported shares through their ownership of TD Securities (USA) LLC.
Stakeholder Impact
- Provides transparency to shareholders and potential investors regarding a significant institutional holding in Quartzsea Acquisition Corporation.
- Confirms that the shares are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
Key Dates
| Date | Description |
|---|---|
| 06/30/2025 | Date of event which requires filing of this statement |
| 08/12/2025 | Filing date of the Schedule 13G Amendment No. 1 |
Keywords
Quartzsea Acquisition Corporation, TD Securities, Schedule 13G, Beneficial Ownership, Ordinary Shares, SEC Filing, Investment, Financial Services
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