Company: QSEA
Filing Date: 2025-03-11
Form Type: S-1/A
Source: 0001829126-25-001676
Chunk: 5

Company: Quartzsea Acquisition Corp
Filing Date: 2025-03-11
Form: S-1/A
Chunk 5
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which amount will be repaid upon closing of this offering. See “Summary— The Offering— Sponsor Information”
for further discussion on our sponsor’s and our affiliates’ shares and compensation.

As more fully discussed in “Management—Conflicts of Interest,” each of our officers and directors presently has, and any of them in the future may have additional, fiduciary,
contractual or other obligations or duties to one or more other entities pursuant to which such officer or director is or will be required
to present a business combination opportunity to such entities. Our Sponsor is the beneficial owner of the founder shares and will be
the beneficial owner of private units following this offering, and members of our management team will indirectly own such securities.
Because of such ownership and interests, our Sponsor, and any of our officers and directors who have an ownership interest in the Sponsor,
may have a conflict of interest in determining whether a particular target business is an appropriate business with which to effectuate
our initial business combination. The low price that our Sponsor paid for the founder shares creates an incentive whereby our Sponsor
could potentially make a substantial profit even if we select an acquisition target that subsequently declines in value and is unprofitable
for public shareholders. If we are unable to complete our initial business combination within the required time period described in this
prospectus, the founder shares and private units may be worthless, except to the extent the holders thereof receive liquidating distributions
from assets outside the trust account, which could create an incentive for our sponsor and our executive officers and directors who have
an ownership interest the sponsor to complete a transaction even if we select an acquisition target that subsequently declines in value
and is unprofitable for public shareholders. Further, each of our officers and directors may have a conflict of interest with respect
to evaluating a particular business combination if the retention or resignation of any such officers and directors were to be included
by a target business as a condition to any agreement with respect to our initial business combination. Additionally, we will reimburse
our Sponsor $20,000 per month for office space and administrative services made available to us, each as described elsewhere in this
prospectus.

Currently, there is no public market for our units, ordinary shares, or rights. We expect to apply to list our units on the Nasdaq Global Market and apply to reserve the symbol “QSEAU” for our units. We expect that our units will be listed on Nasdaq on or promptly after the date of this prospectus. We cannot guarantee that our