Company: QSEA
Filing Date: 2025-02-03
Form Type: DRS/A
Source: 0001829126-25-000616
Chunk: 268

Company: Quartzsea Acquisition Corp
Filing Date: 2025-02-03
Form: DRS/A
Chunk 268
---
). |

<div align='center'>The accompanying notes are an integral part of these financial statements.

F-4</div>

<div align='center'>QUARTZSEA ACQUISITION CORPORATION

STATEMENT OF CHANGES IN SHAREHOLDER’S EQUITY

FOR THE PERIOD FROM NOVEMBER 5, 2024 (INCEPTION) THROUGH NOVEMBER 30, 2024</div>

|                                         |     | Ordinary Shares 
 Shares          |           |     | Amount |     |     | Additional 
 Paid-in    
 Capital    |        |     | Accumulated 
 Deficit     |         |   |     | Total         
 Shareholders’ 
 Equity        |         |   |
|:----------------------------------------|:----|:----------------|----------:|:----|:-------|----:|:----|:-----------|-------:|:----|:------------|:--------|:--|:----|:--------------|--------:|:--|
| Balance – November 5, 2024 (Inception)  |     |                 |         - |     | $      |   - |     | $          |      - |     | $           | -       |   |     | $             |       - |   |
| Founder shares issued to the Sponsor(1) |     |                 | 1,725,000 |     |        | 172 |     |            | 24,828 |     |             | -       |   |     |               |  25,000 |   |
| Net loss                                |     |                 |         - |     |        |   - |     |            |      - |     |             | (10,166 | ) |     |               | (10,166 | ) |
| Balance – November 30, 2024             |     |                 | 1,725,000 |     | $      | 172 |     | $          | 24,828 |     | $           | (10,166 | ) |     | $             |  14,834 |   |

| (1) | Includes up to 225,000 shares of ordinary shares subject to forfeiture if the over-allotment option is not exercised in full or in part by the underwriters (see Note 5). |

<div align='center'>The accompanying notes are an integral part of these financial statements.

F-5</div>

<div align='center'>QUARTZSEA ACQUISITION