Company: QSEA
Filing Date: 2025-02-03
Form Type: DRS/A
Source: 0001829126-25-000616
Chunk: 162

Company: Quartzsea Acquisition Corp
Filing Date: 2025-02-03
Form: DRS/A
Chunk 162
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02 |
| Private shares(2)      |     |           |   236,500 |     |            |   2.84 | % |     | $                   |  2,150,000 |     |            |   3.46 | % |     | $         | 9.09 |
| Public shareholders(3) |     |           | 6,600,000 |     |            |  79.17 | % |     | $                   | 60,000,000 |     |            |  96.50 | % |     | $         | 9.09 |
| Total                  |     |           | 8,336,500 |     |            | 100.00 | % |     | $                   | 62,175,000 |     |            | 100.00 | % |     |           |      |

| (1) | Assumes no exercise of the over-allotment option and forfeiture by our sponsor of 225,000 shares of ordinary shares. |
| (2) | Includes the issuance of an additional 21,500 ordinary shares underlying the rights contained in the private units.  |
| (3) | Includes the issuance of an additional 600,000 ordinary shares underlying the rights contained in the public units.  |

<div align='center'>96</div>

In addition to the potential dilution reflected in the table above, there are several material sources of future dilution that may occur following our offering. We have the ability to issue additional ordinary shares or other equity securities to raise capital, in connection with completing our initial business combination, or as part of any subsequent financing, such a PIPE transaction. Such issuances may be at prices below the current market value or net tangible book value per share, further diluting existing stockholders.

We may issue additional ordinary shares under an employee incentive plan after completion of our initial business combination. Equity-based compensation plans may be adopted or expanded to attract and retain management, employees, and advisors, particularly in connection with the initial business combination. The issuance of equity awards under such plans, including stock options or restricted stock, would result in further dilution to existing stockholders. Any such issuances would dilute the interest of our shareholders and likely present other risks. We are authorized to issue up to 500,000,000 ordinary share, par value $0.0001 per share. Immediately after this offering, there will be 492,285,000 authorized but