Company: QSEA
Filing Date: 2025-03-12
Form Type: S-1/A
Source: 0001829126-25-001750
Chunk: 199

Company: Quartzsea Acquisition Corp
Filing Date: 2025-03-12
Form: S-1/A
Chunk 199
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b) greater than 5% beneficial
owner of our ordinary shares, or (c) immediate family member, of the persons referred to in clauses (a) and (b), has or will have a direct
or indirect material interest (other than solely as a result of being a director or a less than 10% beneficial owner of another entity).
A conflict-of-interest situation can arise when a person takes actions or has interests that may make it difficult to perform his or
her work objectively and effectively. Conflicts of interest may also arise if a person, or a member of his or her family, receives improper
personal benefits as a result of his or her position.

We also require each of our directors and executive
officers to annually complete a director’s and officer’s questionnaire that elicits information about related-party transactions.

These procedures are intended to determine whether
any such related-party transaction impairs the independence of a director or presents a conflict of interest on the part of a director,
employee, or officer.

In no event will our insiders, or any of the members
of our management team be paid any finder’s fee, consulting fee or other similar compensation prior to, or for any services they
render in order to effect the consummation of our initial business combination (regardless of the type of transaction that it is), although
out-of-pocket expenses, loans made to the company, and other costs incurred in connection with the pursuit, initiation, and final consummation
of the initial business combination may be repaid in connection therewith.

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<div align='center'>Description of Securities</div>

We are an exempted company with limited liability
incorporated under the laws of the Cayman Islands, and our affairs are governed by our Post-offering Memorandum and Articles of Association
(as amended from time to time), the Companies Act and common law of the Cayman Islands.

General

Our authorized share capital is $50,000 divided
into 500,000,000 ordinary shares of $0.0001 par value each. The following description summarizes the material terms of our ordinary shares
as set out more particularly in our Post-offering Memorandum and Articles of Association to be adopted with effect from the effective
date of the registration statement of which this prospectus forms a part. Because it is only a summary, it may not contain all the information
that is important to you.

Units

Each unit has an offering price of $10.00