Company: QSEA
Filing Date: 2025-02-24
Form Type: S-1
Source: 0001829126-25-001168
Chunk: 247

Company: Quartzsea Acquisition Corp
Filing Date: 2025-02-24
Form: S-1
Chunk 247
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 as lead financial advisor, capital markets advisor, underwriter and/or private placement agent in connection with any initial
business combination or in connection with any financing that occurs between the closing of the IPO and the date that is the earlier
of (i) 10 months after the closing of the initial business combination or (ii) 36 months after the consummation of this offering.

Additionally, we have committed to utilize SAP as
the sole underwriter for the offering for the next initial public offering as a SPAC that involves the sponsor or any member of the management
team or board of directors of the sponsor or of the Company that occurs within 36 months after the consummation of this offering in accordance with FINRA Rule 5110(g)(6)(A).

Regulatory Restrictions on Purchase of Securities.In connection with the offering, the underwriters may purchase and sell units in the open market. The underwriters have advised us
that, in accordance with Regulation M under the Securities Exchange Act of 1934, as amended, they may engage in short sale transactions,
purchases to cover short positions, which may include purchases pursuant to the over-allotment option, stabilizing transactions, syndicate
covering transactions or the imposition of penalty bids in connection with this offering. These activities may have the effect of stabilizing
or maintaining the market price of our units at a level above that which might otherwise prevail in the open market.

| ● | Short sales involve secondary market                                                                    
 sales by the underwriters of a greater number of units than it is required to purchase in the offering. |

| ● | “Covered” short sales                                                                                             
 are sales of units in an amount up to the number of units represented by the underwriters’ over-allotment option. |

| ● | “Naked” short sales are sales of units in an amount in                                
 excess of the number of units represented by the underwriters’ over-allotment option. |

| ● | Covering transactions involve purchases                                                                                           
 of units either pursuant to the over-allotment option or in the open market after the distribution has been completed in order to 
 cover short positions.                                                                                                            |

| ● | To close a naked short position, the                                                                                                 
 underwriters must purchase units in the open market after the distribution has been completed. A naked short position is more likely 
 to be created if the underwriters are concerned that there may be downward pressure on the price of the units in the open market     
 after pricing that could adversely affect investors who purchase