Company: QSEA
Filing Date: 2025-02-24
Form Type: S-1
Source: 0001829126-25-001168
Chunk: 60

Company: Quartzsea Acquisition Corp
Filing Date: 2025-02-24
Form: S-1
Chunk 60
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 that the Company’s Sponsor, directors, officers, advisors or their affiliates may purchase shares or rights from public shareholders outside the redemption process, along with the purpose of such purchases; |

| ● | if the Company’s Sponsor, directors, officers, advisors or their affiliates were to purchase shares from public shareholders, they would do so at a price no higher than the price offered through the Company’s redemption process; |

| ● | the Company’s registration statement/proxy statement filed for its business combination transaction would include a representation that any of the Company’s securities purchased by the Company’s Sponsor, directors, officers, advisors or their affiliates would not be voted in favor of approving the business combination transaction; |
| ● | the Company’s Sponsor, directors, officers or their affiliates would waive any redemption rights with respect to the Company’s securities purchased; and                                                                                                                                                                                     |

| ● | the Company would disclose in a Form 8-K the following material items: |

| i.  | the amount of the Company’s securities purchased outside of the redemption offer by the Company’s Sponsor, directors, officers, advisors or their affiliates, along with the purchase price; |
| ii. | the purpose of the purchases by the Company’s Sponsor, directors, officers, advisors or their affiliates;                                                                                    |

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| iii. | the impact, if any, of the purchases by the Company’s Sponsor, directors, officers, advisors or their affiliates on the likelihood that the business combination transaction will be approved;                                                                                                                                        |
| iv.  | the identities of Company security holders who sold to the Company’s Sponsor, directors, officers, advisors or their affiliates (if not purchased on the open market) or the nature of Company security holders (e.g., 5% security holders) who sold to the Company’s Sponsor, directors, officers, advisors or their affiliates; and |
| v.   | the number of Company securities for which the Company has received redemption requests pursuant to its redemption offer.                                                                                                                                                                                                             |

Absent a business combination, the net investment proceeds may be held in trust for as long as up to 18 months from the consummation of this offering.

We will not have an obligation to return the
funds held in trust unless we are unable to consummate an initial business combination within 18 months from the consummation of this
offering. Consequently, your investment funds and the interest accrued thereon, if applicable, may not be available to you for the next
18 months from the consummation of