Company: QSEA
Filing Date: 2025-03-11
Form Type: S-1/A
Source: 0001829126-25-001676
Chunk: 131

Company: Quartzsea Acquisition Corp
Filing Date: 2025-03-11
Form: S-1/A
Chunk 131
---
6.92 |

<div align='center'>80</div>

We may issue additional ordinary shares to complete our initial business combination or under an employee incentive plan after completion of our initial business combination. Any such issuances would dilute the interest of our shareholders and likely present other risks.

We are authorized to issue up to 500,000,000
ordinary share, par value $0.0001 per share. Immediately after this offering, there will be 491,681,750 authorized but unissued ordinary
shares (assuming no exercise of the underwriter’s over-allotment option), which amount does not take into account the ordinary
shares reserved for issuance upon exercise of any outstanding rights. We may issue a substantial number of additional ordinary shares
to complete our initial business combination (including pursuant to a specified future issuance) or under an employee incentive plan
after completion of our initial business combination (although our Post-offering Memorandum and Articles of Association will provide
that we may not issue securities that can vote with holders of ordinary shares on matters related to our initial business combination).
However, our Post-offering Memorandum and Articles of Association will provide, among other things, that prior to our initial business
combination, we may not issue additional ordinary shares that would entitle the holders thereof to (i) receive funds from the trust account
or (ii) vote on any initial business combination. These provisions of our Post-offering Memorandum and Articles of Association, like
all provisions of our Memorandum and Articles of Association, may be amended with the approval of our shareholders. However, our officers,
directors, and, if applicable, director nominees have agreed, pursuant to a written agreement with us, that they will not propose any
amendment to our Post-offering Memorandum and Articles of Association (A) to modify the substance or timing of our obligation to allow
redemption in connection with our initial business combination or to redeem 100% of our public shares if we do not complete our initial
business combination within 15 months from the consummation of this offering or (B) with respect to any other provision relating to shareholders’
rights or pre-initial business combination activity, unless we provide our public shareholders with the opportunity to redeem their ordinary
shares upon approval of any such amendment at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the
trust account, including interest (which interest shall be net of taxes payable), divided by the number of then outstanding public shares.