Company: QSEA
Filing Date: 2025-03-12
Form Type: S-1/A
Source: 0001829126-25-001750
Chunk: 59

Company: Quartzsea Acquisition Corp
Filing Date: 2025-03-12
Form: S-1/A
Chunk 59
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 purchased on the open market) or the nature of Company security holders (e.g., 5% security holders) who sold to the Company’s Sponsor, directors, officers, advisors or their affiliates; and |
| v.   | the number of Company securities for which the Company has received redemption requests pursuant to its redemption offer.                                                                                                                                                                                                             |

Absent a business combination, the net investment proceeds may be held in trust for as long as up to 15 months from the consummation of this offering.

We will not have an obligation to return the
funds held in trust unless we are unable to consummate an initial business combination within 15 months from the consummation of this
offering. Consequently, your investment funds and the interest accrued thereon, if applicable, may not be available to you for the next
15 months from the consummation of this offering. We may also at that time make a proposal to shareholders to amend our governing documents
so as to allot additional time for our search; in which case you would be provided the opportunity to redeem your shares. Your only other
alternative to recoup your investment would be to sell your shares to the public, and you risk capital loss if you sell your shares because
we cannot guarantee that the price for our securities after this initial public offering will equal the consideration that you paid for
our units.

Your ability to influence the outcome of the investment decision concerning the initial business combination will be limited.

Upon your initial investment in us, little information will be available to you concerning our likely future target company for the initial business combination. This makes it difficult for you to evaluate your investment risk. Moreover, a decision whether to pursue the initial business combination may not require your approval, for example, in the case of a tender offer. Your only opportunity to influence the outcome of a proposed initial business combination may be to exercise your right to redeem your shares for cash.

The ability of our public shareholders to redeem their shares constitutes a capital structure risk that we cannot easily predict or mitigate and as a result such risk may hinder our ability to successfully consummate an initial business combination.

The total amount of our capital that will be recalled as a result of public shareholders opting to redeem their shares is not readily ascertainable and therefore should we need to pay any amount of consideration for the initial business combination in cash or otherwise provide cash as a result of the initial business combination, we would not be able to easily ascertain whether we would have sufficient cash as a result of the unpredictability of capital calls resulting from