Company: QSEA
Filing Date: 2025-03-12
Form Type: S-1/A
Source: 0001829126-25-001750
Chunk: 133

Company: Quartzsea Acquisition Corp
Filing Date: 2025-03-12
Form: S-1/A
Chunk 133
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) or under an employee incentive plan
after completion of our initial business combination (although our Post-offering Memorandum and Articles of Association will provide
that we may not issue securities that can vote with holders of ordinary shares on matters related to our initial business combination).
However, our Post-offering Memorandum and Articles of Association will provide, among other things, that prior to our initial business
combination, we may not issue additional ordinary shares that would entitle the holders thereof to (i) receive funds from the trust account
or (ii) vote on any initial business combination. These provisions of our Post-offering Memorandum and Articles of Association, like
all provisions of our Memorandum and Articles of Association, may be amended with the approval of our shareholders. However, our officers,
directors, and, if applicable, director nominees have agreed, pursuant to a written agreement with us, that they will not propose any
amendment to our Post-offering Memorandum and Articles of Association (A) to modify the substance or timing of our obligation to allow
redemption in connection with our initial business combination or to redeem 100% of our public shares if we do not complete our initial
business combination within 15 months from the consummation of this offering or (B) with respect to any other provision relating to shareholders’
rights or pre-initial business combination activity, unless we provide our public shareholders with the opportunity to redeem their ordinary
shares upon approval of any such amendment at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the
trust account, including interest (which interest shall be net of taxes payable), divided by the number of then outstanding public shares.
The issuance of additional ordinary share:

| ● | may significantly dilute the equity interest of investors in this offering; |

| ● | could cause a change of control if a substantial number of ordinary shares are issued, which may affect, among other things, our ability to use our net operating loss carry forwards, if any, and could result in the resignation or removal of our present officers, directors, and director nominees; and |

| ● | may adversely affect prevailing market prices for our units, ordinary shares and/or rights. |

We may issue notes or other debt instruments, or otherwise incur substantial debt, to complete our initial business combination, which may adversely affect our leverage and financial condition and thus negatively impact the value of our shareholders’ investment in us.

Although we have no commitments as of the date of this prospectus to issue