Company: QSEA
Filing Date: 2025-02-03
Form Type: DRS/A
Source: 0001829126-25-000616
Chunk: 160

Company: Quartzsea Acquisition Corp
Filing Date: 2025-02-03
Form: DRS/A
Chunk 160
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 maximum redemptions |      |     | Scenario C                 
 75% of maximum redemptions |      |     | Scenario D          
 maximum redemptions |       |   |
|:--------------------------------------------------------------------------------------------|:----|:----------------------------------------|------:|:----|:---------------------------|-----:|:----|:---------------------------|-----:|:----|:--------------------|------:|:--|
| Offering price of $9.09 included in the units (adjusted to include the value of the rights) |     | $                                       |  9.09 |     | $                          | 9.09 |     | $                          | 9.09 |     | $                   |  9.09 |   |
| Pro forma net tangible book value per share, as adjusted*                                   |     | $                                       | 6. 37 |     | $                          | 5.35 |     | $                          | 3.53 |     | $                   | (0.62 | ) |
| Dilution to public shareholders                                                             |     | $                                       |  2.72 |     | $                          | 3.74 |     | $                          | 5.56 |     | $                   |  9.71 |   |

| * | The pro forma net tangible book value per share after the offering is calculated as follows |

| Numerator:                                                                        |     |   |             |   |     |   |             |   |     |   |             |   |     |   |             |   |
|:----------------------------------------------------------------------------------|:----|:--|------------:|:--|:----|:--|------------:|:--|:----|:--|------------:|:--|:----|:--|------------:|:--|
| Net tangible book value before this offering                                      |     | $ |    (175,166 | ) |     | $ |    (175,166 | ) |     | $ |    (175,166 | ) |     | $ |    (175,166 | ) |
| Net proceeds from this offering and sale of the private units, net of expenses(1) |     |   |  61,020,000 |   |     |   |  61,020,000 |   |     |   |  61,020,000 |   |     |   |  61,020,000 |   |
| Plus: Offering costs paid