# Broadway Technology (Gaokai) to merge with Quartzsea Acquisition SPAC

PET cup and lid maker Broadway Technology, through Zhejiang Gaokai New Materials, signed a merger agreement with SPAC Quartzsea Acquisition Corporation. The combined company, Cuisine Universal Packaging Solution, is expected to list on Nasdaq as CUPS.

- Type: Acquisition
- Announced: 2025-06-06
- Where: Haining, Zhejiang, China
- Status: announced
- Products: PET cups, PET lids
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Zhejiang Gaokai New Materials](https://endata.com/companies/13168.md)
- [Broadway Technology](https://endata.com/companies/13167.md) (target)
- [Quartzsea Acquisition Corporation](https://endata.com/companies/13169.md) (acquirer)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2025/06/06/3095448/0/en/index.html), 2025-06-06: "Broadway Technology Inc ('Gaokai'), a leading manufacturer of high-quality PET cups and lids through its operating subsidiary Zhejiang Gaokai New Materials Co., Ltd., announced the execution of an Agreement and Plan of Merger."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.