Company: QSEA
Filing Date: 2025-03-12
Form Type: S-1/A
Source: 0001829126-25-001750
Chunk: 245

Company: Quartzsea Acquisition Corp
Filing Date: 2025-03-12
Form: S-1/A
Chunk 245
---
154</div>

| ● | the issuer of the securities has                                                                                                 
 filed all Exchange Act reports and material required to be filed, as applicable, during the preceding 15 months (or such shorter 
 period that the issuer was required to file such reports and materials), other than Current Reports on Form 8-K reports; and     |

| ● | at least one year has elapsed from                                                                                                  
 the time that the issuer filed current Form 10 type information with the SEC reflecting its status as an entity that is not a shell 
 company.                                                                                                                            |

As a result, it is likely that pursuant to Rule 144,
our insiders will be able to sell their founder shares freely without registration one year after we have completed our initial business
combination assuming they are not an affiliate of ours at that time.

Registration Rights

The holders of our founder shares issued and outstanding
on the date of this prospectus, the holders of the private units, and any units our insiders or their affiliates may be issued in payment
of working capital loans made to us, will be entitled to registration rights pursuant to an agreement to be signed prior to or on the
effectiveness of the registration statement of which this prospectus forms a part, requiring us to register such securities for resale.
The holders of a majority of these securities are entitled to make demands that we register such securities. Both the holders of the
founder shares and the holders of the private units as well as shares issued in payment of working capital loans made to us, if applicable,
will have the ability to elect to exercise these registration rights at any time after we consummate the initial business combination.
In addition, the holders will have certain “piggyback” registration rights with respect to registration statements filed
subsequent to our consummation of our initial business combination. Notwithstanding the foregoing, the underwriters may not exercise
its demand and “piggy-back” registration rights after five and seven years, respectively, after the commencement of sales
in this offering and may not exercise its demand rights on more than one occasion. We will pay the expenses incurred in connection with
the filing of any such registration statements.

<div align='center'>155</div>

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

We intend to offer our securities described in
this prospectus through the underwriters named below. SAP is acting as the sole book-running manager in this offering and as the representative
of the underwriters. Subject to the terms and conditions of the underwriting agreement dated the date