Company: QSEA
Filing Date: 2025-03-11
Form Type: S-1/A
Source: 0001829126-25-001676
Chunk: 106

Company: Quartzsea Acquisition Corp
Filing Date: 2025-03-11
Form: S-1/A
Chunk 106
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 provide any financing to us in connection with or after our initial business combination.

The normal regulatory protections for blank check companies will not apply to your investment in this company.

Under the U.S. securities laws, our company
has characteristics of a “blank check company” because our “business plan is to engage in a merger or acquisition with
an unidentified company or companies, or other entity or person,” and Rule 419 as promulgated under the Securities Act of
1933 governs such offerings and provides an exclusion for which we qualify because the Exchange Rule 3a51-1(a)(2) excludes from
the definition of “penny stock” a security that is registered, or approved for registration upon notice of issuance, on a
national securities exchange, or is listed, or approved for listing upon notice of issuance on, an automated quotation system sponsored
by a registered national securities association, that has established initial listing standards that meet or exceed the criteria set
forth in the Exchange Rule. Once the Company’s securities are listed on the Nasdaq Global Market and have been so listed since
the consummation of its proposed IPO, the Company can therefore rely on the Exchange Rule to avoid being treated as a penny stock. Thus,
the investor protections of Rule 419 will not apply: restriction on the transferability of the securities, completion of an initial
business combination within 15 months, and restriction on the use of interest earned on the funds held in trust. For more information
comparing our offering with offerings governed by Rule 419, please refer to the section of this prospectus entitled “Proposed
Business: Comparison of This Offering to Blank Check Offerings Subject to Rule 419.”

Our Sponsor will hold a substantial interest in us. As a result, it may exert a substantial influence on actions requiring a shareholder vote, potentially in a manner that you do not support.

Upon the consummation of this offering, our
Sponsor will own shares representing approximately 35% of our issued and outstanding ordinary shares (excluding the private shares and
assuming it does not purchase any units in this offering). Neither our Sponsor nor, to our knowledge, any of our officers or directors,
have any current intention to purchase additional securities, other than as disclosed in this prospectus. Factors that would be considered
in making such additional purchases would include consideration of the current trading price of our public shares. In addition, as a
result of their substantial ownership in our company, our Sponsor may exert a substantial influence on other actions requiring