Company: QSEA
Filing Date: 2025-03-11
Form Type: S-1/A
Source: 0001829126-25-001676
Chunk: 249

Company: Quartzsea Acquisition Corp
Filing Date: 2025-03-11
Form: S-1/A
Chunk 249
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 “Canadian Offering Jurisdiction”) by way of a private placement and exempt from the requirement that
we prepare and file a prospectus with the securities regulatory authorities in such Canadian Offering Jurisdiction. Any resale of our
securities in Canada must be made under applicable securities laws that will vary depending on the relevant jurisdiction, and which may
require resales to be made under available statutory exemptions or under a discretionary exemption granted by the applicable Canadian
securities regulatory authority. Canadian resale restrictions in some circumstances may apply to resales of interests made outside of
Canada. Canadian purchasers are advised to seek legal advice prior to any resale of our securities. We may never be a “reporting
issuer”, as such term is defined under applicable Canadian securities legislation, in any province or territory of Canada in which
our securities will be offered and there currently is no public market for any of the securities in Canada, and one may never develop.
Canadian investors are advised that we have no intention to file a prospectus or similar document with any securities regulatory authority
in Canada qualifying the resale of the securities to the public in any province or territory in Canada.

Representations of Purchasers

A Canadian purchaser will be required to represent
to us and the dealer from whom the purchase confirmation is received that:

| ● | the purchaser is entitled under applicable                                                                                       
 provincial securities laws to purchase our securities without the benefit of a prospectus qualified under those securities laws; |

| ● | where required by law, that the purchaser    
 is purchasing as principal and not as agent; |

| ● | the purchaser has reviewed the text  
 above under Resale Restrictions; and |

| ● | the purchaser acknowledges and consents                                                                                                 
 to the provision of specified information concerning its purchase of our securities to the regulatory authority that by law is entitled 
 to collect the information.                                                                                                             |

Rights of Action — Ontario Purchasers Only

Under Ontario securities legislation, certain purchasers
who purchase a security offered by this prospectus during the period of distribution will have a statutory right of action for damages,
or while still the owner of our securities, for rescission against us in the event that this prospectus contains a misrepresentation
without regard to whether the purchaser relied on the misrepresentation. The right of action for damages is exercisable not later than
the earlier of 180 days from the date the purchaser first had knowledge of the facts giving rise to the cause of action and three years
from the date on which payment is made for our securities. The right of action for rescission is exerc