Company: QSEA
Filing Date: 2025-03-12
Form Type: S-1/A
Source: 0001829126-25-001750
Chunk: 210

Company: Quartzsea Acquisition Corp
Filing Date: 2025-03-12
Form: S-1/A
Chunk 210
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 and Articles of Association
to be adopted with effect from the effectiveness of this registration statement will contain certain requirements and restrictions relating
to this offering that will apply to us until the completion of our initial business combination. These provisions cannot be amended without
a special resolution of the Company. As a matter of Cayman Islands law, a resolution is deemed to be a special resolution where it has
been approved by either (i) at least two-thirds (or any higher threshold specified in a company’s articles of association) of a
company’s shareholders who, being entitled to do so, attend and vote at a general meeting for which notice specifying the intention
to propose the resolution as a special resolution has been given; or (ii) if so authorized by a company’s articles of association,
by a unanimous written resolution of all of our shareholders. Other than in certain exception as described below, our Post-offering Memorandum
and Articles of Association will provide that special resolutions must be approved either by at least two-thirds of our shareholders
who, being entitled to do so, attend and vote at a general meeting for which notice specifying the intention to propose the resolution
as a special resolution has been given (i.e., the lowest threshold permissible under Cayman Islands law), or by a unanimous written resolution
of all of our shareholders. Our Sponsor, who will beneficially own approximately 35% of our ordinary shares upon the consummation of
this offering (excluding the private shares and assuming it does not purchase any units in this offering), will participate in any vote
to amend our Post-offering Memorandum and Articles of Association and/or trust agreement and will have the discretion to vote as it deems
appropriate. Specifically, our Post-offering Memorandum and Articles of Association provides, among other things, that:

| ● | If we are unable to complete our initial business                                                                                         
 combination within 15 months from the consummation of this offering, we will (i) cease all operations except for the purpose of winding   
 up, (ii) as promptly as reasonably possible but not more than ten business days thereafter subject to lawfully available funds therefor,  
 redeem the public shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the trust account       
 (which interest shall be net of taxes payable), divided by the number of then outstanding public shares, which redemption will completely 
 extinguish public shareholders’ rights as shareholders (including the right to receive further liquidating distributions, if              
 any),