Company: QSEA
Filing Date: 2025-03-11
Form Type: S-1/A
Source: 0001829126-25-001676
Chunk: 111

Company: Quartzsea Acquisition Corp
Filing Date: 2025-03-11
Form: S-1/A
Chunk 111
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 offering (assuming that the underwriters have not exercised their over-allotment option and an
aggregate of 315,000 ordinary shares have been forfeited), there will be 491,681,750 authorized but unissued ordinary shares (assuming
no exercise of the underwriter’s over-allotment option). Beyond those shares anticipated to be issued as a result of the exchange
of rights upon the consummation of the initial business combination, we have no other commitment as of the date of this offering, and
we may issue a substantial number of additional ordinary shares to complete our initial business combination. The issuance of additional
ordinary share:

| ● | may significantly reduce the equity interest of investors in this offering; |

| ● | may cause a change in control if a substantial number of ordinary shares are issued, which may affect, among other things, our ability to use our net operating loss carry forwards, if any, and could result in the resignation or removal of our present officers and directors; and |

| ● | may adversely affect prevailing market prices for our securities. |

We may only be able to complete one business combination with the proceeds of this offering, which will cause us to depend upon a single business which may have a limited number of products or services.

It is likely that we will consummate our initial business combination with only a single target business, although we will have the ability to simultaneously consummate our initial business combination with more than one target businesses. By consummating a business combination with only a single entity, our lack of diversification may subject us to numerous economic, competitive, and regulatory developments. Further, we would not be able to diversify our operations or benefit from the possible spreading of risks or offsetting of losses, unlike other entities which may have the resources to complete several business combinations in different industries or different areas of a single industry. Accordingly, the prospects for our success may be:

| ● | entirely dependent upon the performance of a single business, or |

| ● | dependent upon the development or market acceptance of a single or limited number of products, processes, or services. |

This lack of diversification may subject us to numerous economic, competitive, and regulatory developments, any or all of which may have a substantial adverse impact upon the particular industry in which we may operate subsequent to our initial business combination.

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Alternatively, if we determine to simultaneously consummate our initial business combination with several businesses, and such businesses are owned by different sellers, we will need for each