Company: QSEA
Filing Date: 2025-06-06
Form Type: 8-K
Source: 0001829126-25-004323
Chunk: 2

Company: Quartzsea Acquisition Corp
Filing Date: 2025-06-06
Form: 8-K
Item: Item 1.01
Chunk 2
---
 and other transaction documents;
(c) no governmental authorization required; (d) Non-Contravention; (e) brokers and finders; (f) capital structure; (g) validity of share
issuance; (h) minimum trust fund amount; (i) validity of Nasdaq Stock Market listing; (j) SEC filing requirements and financial statements;
(k) litigation; (l) compliance with laws; (m) material contracts; (n) not an investment company; and (o) other customary representations
and warranties.

Conduct
Prior to Closing; Covenants

The
parties have made customary representations, warranties and covenants in the Agreement, including, among other things, covenants with
respect to the conduct of Broadway Tech and its affiliates/subsidiaries prior to the closing of the business combination. The parties
have also agreed to customary “no shop” obligations.

The
Agreement also contains covenants providing for, among other things:

  Purchaser                                                                                                                                    

  all                                                                                                                                 

Conditions
to Closing

General
Conditions

Consummation
of the Agreement and the transactions is conditioned on, among other things, (i) no provisions of any applicable Law, and no Order shall
prohibit or prevent the consummation of the closing; (ii) there shall not be any Action brought by a third party that is not an Affiliate
of the parties hereto to enjoin or otherwise restrict the consummation of the closing; (iii) Broadway Tech and Quartzsea receiving approval
from their respective shareholders to the transactions; (iv) the SEC shall have declared the Registration Statement effective; (v) no
stop order suspending the effectiveness of the Registration Statement or any part thereof shall have been issued; (vi) the Additional
Agreements shall have been entered into and the same shall be in full force and effect; (vii) the completion of the CSRC filing; and
(viii) continued listing of Purchaser on Nasdaq and Nasdaq approval for listing the Closing Payment Shares on Nasdaq.

Broadway
Tech’s Conditions to Closing

The
obligations of Broadway Tech to consummate the transactions contemplated by the Agreement, in addition to the conditions described above,
are conditioned upon each of the following, among other things:

  Purchaser                                                                                      

  subject                                                                                                                                 

  Purchaser                                                                                                
  Parties complying with the reporting requirements under the applicable Securities Act and Exchange Act;  
 ─────────────────────────────────────────────────