Company: QSEA
Filing Date: 2025-02-24
Form Type: S-1
Source: 0001829126-25-001168
Chunk: 30

Company: Quartzsea Acquisition Corp
Filing Date: 2025-02-24
Form: S-1
Chunk 30
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 initial business combination or (ii) 36 months after the
consummation of this offering. We are otherwise not a party to any arrangement or understanding with any third party with respect to
raising any additional funds through the sale of securities or otherwise. None of our Sponsor, officers, directors or shareholders is
required to provide any financing to us in connection with or after our initial business combination. We may also obtain financing prior
to the closing of our initial business combination to fund our working capital needs and transaction costs in connection with our search
for and completion of our initial business combination. Our Memorandum and Articles of Association will provide that, following this
offering and prior to the consummation of our initial business combination, we will be prohibited from issuing additional securities
that would entitle the holders thereof to (i) receive funds from the trust account or (ii) vote on any matter. We acknowledge that additional
financing may be required to fund working capital needs or transaction costs. Such financing could impact unaffiliated security holders in several ways. For instance, if equity
or convertible securities are issued, it may dilute the ownership interests of unaffiliated security holders, reducing proportional voting
power and economic interest. The issuance of additional securities could also adversely affect the market price of our securities, particularly
if the terms are unfavorable. If debt financing is incurred, the resulting financial obligations could limit operational flexibility
and negatively impact the value of existing securities. Additionally, financing through new securities may alter the security holder
base and impact control dynamics. As of the date of this prospectus, although we do not intend to seek additional financing at this time,
if needed at some point in the future, we will carefully evaluate financing options.

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Corporate Information

Our principal office is located at 1185 Avenue of the Americas, Suite 304, New York, NY 10036, and our telephone number is (212) 612-1400.

We are an “emerging growth company,” as defined in Section 2(a) of the Securities Act of 1933, as amended, or the Securities Act, as modified by the Jumpstart Our Business Startups Act of 2012, or the JOBS Act. As such, we are eligible to take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not “emerging growth companies” including, but not limited to, not being required to comply with the auditor attestation requirements