Company: QSEA
Filing Date: 2025-02-24
Form Type: S-1
Source: 0001829126-25-001168
Chunk: 200

Company: Quartzsea Acquisition Corp
Filing Date: 2025-02-24
Form: S-1
Chunk 200
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 Memorandum and Articles of Association
will authorize the issuance of up to 500,000,000 ordinary shares of par value $0.0001 share, if we were to enter into an initial business
combination, we may (depending on the terms of such an initial business combination) be required to increase the number of ordinary shares
that we are authorized to issue at the same time as our shareholders vote on the initial business combination to the extent we seek shareholder
approval in connection with our initial business combination.

We will provide our public shareholders with
the opportunity to redeem all or a portion of their public shares upon the completion of our initial business combination at a per-share
price, payable in cash, equal to the aggregate amount then on deposit in the trust account as of two business days prior to the consummation
of our initial business combination including interest earned on the funds held in the trust account (which interest shall be net of
taxes payable), divided by the number of then outstanding public shares, subject to the limitations described herein. The amount in the
trust account is initially anticipated to be $10.05 per public share. Our Sponsor, officers and directors have entered into a letter
agreement with us, pursuant to which they have agreed to waive their redemption rights with respect to any founder shares, private shares
and any public shares held by them in connection with the completion of our initial business combination. If a shareholder vote is not
required by law and we do not decide to hold a shareholder vote for business or other legal reasons, we will, pursuant to our Memorandum
and Articles of Association, conduct the redemptions pursuant to the tender offer rules of the SEC, and file tender offer documents with
the SEC prior to completing our initial business combination. Our Memorandum and Articles of Association will require these tender offer
documents to contain substantially the same financial and other information about the initial business combination and the redemption
rights as is required under the SEC’s proxy rules. If, however, shareholder approval of the transaction is required by law, or
we decide to obtain shareholder approval for business or other legal reasons, we will offer to redeem shares in conjunction with a proxy
solicitation pursuant to the proxy rules and not pursuant to the tender offer rules. If we seek shareholder approval, we will complete
our initial business combination only if a majority of the outstanding ordinary shares entitled to vote are voted in favor of the initial
business combination so long as the minimum number of shareholders required for a quorum attend the