Company: QSEA
Filing Date: 2025-03-12
Form Type: S-1/A
Source: 0001829126-25-001750
Chunk: 121

Company: Quartzsea Acquisition Corp
Filing Date: 2025-03-12
Form: S-1/A
Chunk 121
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 and Black Hawk. Yotta and Quetta have each executed a definitive merger agreement with
a target company in connection with their respective initial business combinations. Black Hawk is still searching for a target. We
do not intend to have any full-time employees prior to the completion of our initial business combination. The members of our
management team may be engaged in other business endeavors for which they may be entitled to substantial compensation, and our
officers are not obligated to contribute any specific number of hours per week to our affairs. Our directors may also serve as
officers or board members for other entities. If a person’s other business affairs require them to devote substantial amounts
of time to such affairs in excess of their current commitment levels, it could limit their ability to devote time to our affairs
which may have a negative impact on our ability to complete our initial business combination. For further discussion of our
officers’ and directors’ other business affairs, please see the section of this prospectus entitled “Management
— Directors and Executive Officers.”

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Members of our management team and directors may have affiliations with entities engaged in business activities similar to those intended to be conducted by us and accordingly, may have conflicts of interest.

Members of our management team and directors
may have affiliations with companies, including companies that are engaged in business activities similar to those intended to be conducted
by us. Accordingly, they may participate in transactions and have obligations that may be in conflict or competition with our consummation
of our initial business combination. As a result, a potential target business may be presented by our management team to another entity
prior to its presentation to us and we may not be afforded the opportunity to engage in a transaction with such target business. More
specifically, our Chief Executive Officer has fiduciary and contractual duties to Yotta and Quetta, although Yotta and Quetta have each
executed a definitive merger agreement with a target company in connection with their respective initial business combinations. Our director
nominee, Daniel M. McCabe, has fiduciary duties to Yotta, Quetta and Black Hawk. Yotta and Quetta have each executed a definitive merger agreement with a target company in connection with their respective initial business
combinations. Black Hawk is still searching for a target. These conflicts of interests may limit the number of
potential targets that our management presents to us for purposes of completing a business combination. For a more detailed description
of the potential conflicts of interest of