Company: QSEA
Filing Date: 2025-03-12
Form Type: S-1/A
Source: 0001829126-25-001750
Chunk: 39

Company: Quartzsea Acquisition Corp
Filing Date: 2025-03-12
Form: S-1/A
Chunk 39
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| The purpose of any such purchases of shares could be to satisfy a closing condition in an agreement with a target that requires us to have a minimum net worth or a certain amount of cash at the closing of our initial business combination, where it appears that such requirement would otherwise not be met. Any such purchases of our securities may result in the completion of our initial business combination that may not otherwise have been possible. In addition, if such purchases are made, the public “float” of our ordinary shares may be reduced and the number of beneficial holders of our securities may be reduced, which may make it difficult to maintain or obtain the quotation, listing, or trading of our securities on a national securities exchange. |

| Redemption                                                                         
 rights for public shareholders upon completion of our initial business combination |     | In conjunction with                                                                                                                    
 any shareholder vote either to: (i) amend our articles prior to our initial business combination or (ii) approve any proposed initial  
 business combination, we will provide our public shareholders with the opportunity to redeem all or a portion of their public shares   
 at a pro rata, per-share price, payable in cash, equal to the aggregate amount then on deposit in the trust account as of two business 
 days prior to the consummation of our initial business combination, including interest earned on the funds held in the trust account   
 and not previously released to us to pay our taxes (less up to $50,000 of interest to pay liquidation and dissolution expenses),       
 divided by the number of then outstanding public shares, subject to the limitations described herein.                                  |

| The proposed initial business combination may require: (i) cash consideration to be paid to the target or its owners, (ii) cash to be transferred to the target for working capital or other general corporate purposes or (iii) the retention of cash to satisfy other conditions in accordance with the terms of the proposed initial business combination. In the event the aggregate cash consideration we would be required to pay for all ordinary shares that are validly submitted for redemption plus any amount required to satisfy cash conditions pursuant to the terms of the proposed initial business combination exceed the aggregate amount of cash available to us, we will not complete the initial business combination or redeem any shares, and all ordinary shares submitted for redemption will be returned to the holders thereof. |

| Manner of conducting redemptions |     | In connection with our initial business combination, we will provide our public shareholders with the opportunity to redeem all or a portion of their public shares either