Company: QSEA
Filing Date: 2025-03-12
Form Type: S-1/A
Source: 0001829126-25-001750
Chunk: 132

Company: Quartzsea Acquisition Corp
Filing Date: 2025-03-12
Form: S-1/A
Chunk 132
---
 equity value at
that time is $57,600,000 which is the amount we would have for our initial business combination in the trust account, assuming the underwriter’s
over-allotment option is not exercised, no interest is earned on the funds held in the trust account, and no public shares are redeemed
in connection with our initial business combination, and without taking into account any other potential impacts on our valuation at
such time, such as the trading price of our public shares, the business combination transaction costs, any equity issued or cash paid
to the target’s sellers or other third parties, or the target’s business itself, including its assets, liabilities, management
and prospects, as well as the value of our public and private rights. At such valuation, each of our ordinary shares would have an implied
value of $6.92 per share upon consummation of our initial business combination, which would be an approximate 30.8% decrease as compared
to the initial implied value per public share of $10.00.

| Public shares                             |     |   |  6,000,000 |
| Private shares                            |     |   |    218,250 |
| Founder shares                            |     |   |  2,100,000 |
| Total shares                              |     |   |  8,318,250 |
| Total funds in trust available            
 for initial business combination          |     | $ | 57,600,000 |
| Initial implied value per public          
 share                                     |     | $ |      10.00 |
| Implied value per share upon consummation 
 of initial business combination           |     | $ |       6.92 |

<div align='center'>82</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