Company: QSEA
Filing Date: 2025-02-03
Form Type: DRS/A
Source: 0001829126-25-000616
Chunk: 185

Company: Quartzsea Acquisition Corp
Filing Date: 2025-02-03
Form: DRS/A
Chunk 185
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 relating to shareholder’s rights or pre-business combination activity (including the substance or timing within which we have to complete a business combination), we will provide our public shareholders with the opportunity to redeem their public shares upon approval of any such amendment at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the trust account, including interest earned on the funds held in the trust account and not previously released to us pursuant to permitted withdrawals (net of taxes payable), divided by the number of then outstanding public shares, in connection with any such vote. Our insiders have agreed to waive any conversion rights with respect to any founder shares, private shares and any public shares they may hold in connection with any vote to amend our Memorandum and Articles of Association. Specifically, our Memorandum and Articles of Association provides, among other things, that:

| ● | prior to the consummation of our initial business combination, we shall either (1) seek shareholder approval of our initial business combination at a meeting called for such purpose at which public shareholders may seek to convert their public share, regardless of whether they vote for or against, or abstain from voting on, the proposed business combination, into a portion of the aggregate amount then on deposit in the trust account, net of taxes payable, or (2) provide our shareholders with the opportunity to sell their shares to us by means of a tender offer (and thereby avoid the need for a shareholder vote) for an amount equal to their pro rata share of the aggregate amount then on deposit in the trust account, net of taxes payable, in each case subject to the limitations described herein; |

| ● | we will consummate our initial business combination only if a majority of the outstanding ordinary shares voted are voted in favor of the business combination so long as the minimum number of shareholders required for a quorum attend the meeting (whether in person or by proxy); |

| ● | if our initial business combination is not consummated within 12 months from the consummation of this offering, then our existence will terminate and we will distribute all amounts in the trust account to all of our public holders of public shares; |

| ● | upon the consummation of this offering, $60,000,000, or $10.00 per publicly offered unit ($69,000,000, if the underwriter’s over-allotment option is exercised in full), shall be placed into the trust account; |

| ● | we may not consummate any other business combination, merger, shares exchange