Company: QSEA
Filing Date: 2025-03-11
Form Type: S-1/A
Source: 0001829126-25-001676
Chunk: 118

Company: Quartzsea Acquisition Corp
Filing Date: 2025-03-11
Form: S-1/A
Chunk 118
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ering Memorandum and Articles
of Association and Cayman Islands law, we may be required to indemnify our officers and directors in the event that any of them are sued
in their capacity as an officer or director. We will also enter into agreements with our officers and directors to provide contractual
indemnification in addition to the indemnification provided for in our Post-offering Memorandum and Articles of Association and under
Cayman Islands law. In the event that we reimburse our insiders, officers, directors or any of their affiliates for out-of-pocket expenses
prior to the consummation of a business combination or are required to indemnify any of our officers or directors pursuant to our Post-offering
Memorandum and Articles of Association, Cayman Islands law, or the indemnity agreements that we will enter into with them, we would use
funds available to us outside of the trust account. Any reduction in the funds available to us could have a material adverse effect on
our ability to locate and investigate prospective target businesses and to structure, negotiate, and conduct due diligence in connection
with or consummate our initial business combination.

If our business combination is not completed, our officers and directors will not be eligible to be reimbursed for their out-of-pocket expenses, and our Sponsor will not be eligible to be repaid for loans our Sponsor has provided to us. As a result, a conflict of interest may arise in determining whether a particular business combination target is appropriate for our initial business combination.

Our officers and directors, or any of their respective affiliates, will be reimbursed for any out-of-pocket expenses incurred in connection with activities on our behalf such as identifying potential target businesses and performing due diligence on suitable business combinations. Reimbursement for such expenses will be paid by us out of loans by our Sponsor and interest earned on the trust account. There is no cap or ceiling on the reimbursement of out-of-pocket expenses incurred in connection with activities on our behalf. In addition, at the closing of our initial public offering, our Sponsor will be repaid an aggregate of $500,000 by our Company pursuant to certain promissory note dated November 5, 2024. The principal balance of this promissory note shall be payable on the date on which our Company closes an initial public offering of its securities. The principal balance may be prepaid at any time. These financial interests of our Sponsor, officers, and directors may influence their motivation in identifying and selecting a target business combination and completing an initial business combination.

Members of our