04:41 PM EDT, 06/06/2025 (MT Newswires) -- Broadway Technology said Friday it signed a merger agreement with special purpose acquisition company Quartzsea Acquisition ( QSEA ) .

Broadway, which operates through its subsidiary Zhejiang Gaokai New Materials, manufactures polyethylene terephthalate cups and lids.

Upon completion of the merger, the combined entity, Cuisine Universal, is expected to be listed on Nasdaq under the ticker symbol CUPS.

The boards of both companies have approved the proposed deal, which remains subject to shareholder approvals and other customary closing conditions, according to Broadway Technology.