Company: QSEA
Filing Date: 2025-03-11
Form Type: S-1/A
Source: 0001829126-25-001676
Chunk: 241

Company: Quartzsea Acquisition Corp
Filing Date: 2025-03-11
Form: S-1/A
Chunk 241
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 option) we will have 8,318,250 (or 9,540,000 if the underwriters’
over-allotment option is exercised in full) ordinary shares outstanding. Of these shares, the 6,000,000 public shares (or 6,900,000 if
the underwriters’ over-allotment option is exercised in full) sold in this offering will be freely tradable without restriction
or further registration under the Securities Act, except for any shares purchased by one of our affiliates within the meaning of Rule 144
under the Securities Act. All of the remaining shares are restricted securities under Rule 144, in that they were issued in private
transactions not involving a public offering. All of those shares have been placed in escrow and will not be transferable until they
are released except in limited circumstances described elsewhere in this prospectus.

The founder shares and private shares are subject
to transfer restrictions as set forth elsewhere in this prospectus. The founder shares and private units (and underlying securities)
will be subject to registration rights as more fully described below under “— Registration Rights.”

Rule 144

Pursuant to Rule 144, a person who has beneficially
owned restricted ordinary shares or rights for at least six months would be entitled to sell their securities provided that (i) such
person is not deemed to have been one of our affiliates at the time of, or at any time during the three months preceding, a sale and
(ii) we are subject to the Exchange Act periodic reporting requirements for at least three months before the sale and have filed all
required reports under Section 13 or 15(d) of the Exchange Act during the 15 months (or such shorter period as we were required
to file reports) preceding the sale.

Persons who have beneficially owned restricted ordinary
shares or rights for at least six months but who are our affiliates at the time of, or at any time during the three months preceding,
a sale, would be subject to additional restrictions, by which such person would be entitled to sell within any three-month period only
a number of securities that does not exceed the greater of:

| ● | 1%                                                                                                                              
 of the total number of ordinary shares, then outstanding, which will equal 83,183 ordinary                                      
 shares immediately after this offering (or 95,400 ordinary shares if the underwriters exercise                                  
 their over-allotment option in full); or                                                                                        |
| ● | the average weekly reported trading