Company: QSEA
Filing Date: 2025-03-12
Form Type: S-1/A
Source: 0001829126-25-001750
Chunk: 175

Company: Quartzsea Acquisition Corp
Filing Date: 2025-03-12
Form: S-1/A
Chunk 175
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 is no guarantee that vendors, service providers, and prospective target businesses
will execute such agreements. In the event that a potential contracted party were to refuse to execute such a waiver, we will execute
an agreement with that entity only if our management first determines that we would be unable to obtain, on a reasonable basis, substantially
similar services or opportunities from another entity willing to execute such a waiver. Examples of instances where we may engage a third
party that refuses to execute a waiver would be the engagement of a third-party consultant who cannot sign such an agreement due to regulatory
restrictions, such as our auditors who are unable to sign due to conflicts-of-interest requirements, or whose particular expertise or
skills are believed by management to be superior to those of other consultants who would agree to execute a waiver or a situation in
which management does not believe it would be able to find a provider of required services willing to provide the waiver. There is also
no guarantee that, even if they execute such agreements with us, they will not seek recourse against the trust account. Our insiders
will agree that they will be jointly and severally liable to us if and to the extent any claims by a vendor for services rendered or
products sold to us, or a prospective target business with which we have discussed entering into a transaction agreement, reduce the
amount of funds in the trust account to less than $10.00 per public share, except as to any claims by a third party that executed a valid
and enforceable agreement with us waiving any right, title, interest, or claim of any kind it may have in or to any monies held in the
trust account and except as to any claims under our indemnity of the underwriters of this offering against certain liabilities, including
liabilities under the Securities Act. Our insiders may not be able to satisfy their indemnification obligations, as we have not required
our insiders to retain any assets to provide for their indemnification obligations, nor have we taken any further steps to ensure that
they will be able to satisfy any indemnification obligations that arise. Moreover, our insiders will not be liable to our public shareholders
and instead will only have liability to us. As a result, if we liquidate, the per-share distribution from the trust account could be
less than approximately $10.00 due to claims or potential claims of creditors. We will distribute to all of our public shareholders,
in proportion to their respective equity interests, an aggregate sum equal to the amount then held in the