Company: QSEA
Filing Date: 2025-03-11
Form Type: S-1/A
Source: 0001829126-25-001676
Chunk: 198

Company: Quartzsea Acquisition Corp
Filing Date: 2025-03-11
Form: S-1/A
Chunk 198
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 this offering, which closing is anticipated to take place three business days after the
date of this prospectus. If the underwriters’ over-allotment option is exercised following the initial filing of such Current Report
on Form 8-K, a second or amended Current Report on Form 8-K will be filed to provide updated financial information to reflect the exercise
of the underwriters’ over-allotment option.

Ordinary Shares

Prior to the date of this prospectus, there
were 2,415,000 ordinary shares issued and outstanding (315,000 of which will be subject to forfeiture if the underwriters do not exercise
their over-allotment option), all of which were held of record by our Sponsor. Upon the consummation of this offering, our issued share
capital (assuming no exercise of the underwriters’ over-allotment option and the corresponding forfeiture of 315,000 founder shares),
will consist of:

| ● | 6,000,000 public shares underlying the public units being sold in this 
 offering;                                                              |

| ● | 218,250 private shares; and |

| ● | 2,100,000 founder shares. |

If we increase or decrease the size of this offering
(including pursuant to Rule 462(b) under the Securities Act), a share dividend or surrender by the Sponsor would be effectuated
in order to maintain our Sponsor’s ownership at 35% of the number of shares issued and outstanding after the consummation of this
offering (excluding the private shares and any units purchased by it in this offering).

Holders of our ordinary shares are entitled to one
vote for each share held on all matters to be voted on by shareholders, except as required by law.

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Approval of certain actions, including, without
limitation, amending our Post-offering Memorandum and Articles of Association and approving a statutory merger or consolidation with
another company, will require a special resolution under Cayman Islands law and pursuant to our Post-offering Memorandum and Articles
of Association.

In connection with any vote held to approve our
initial business combination, our Sponsor, as well as all of our officers and directors have agreed to vote their respective ordinary
shares owned by them as a result of the purchase of the founder shares and the private units immediately prior to this offering and any
shares purchased in this offering or following this offering (other than public shares purchased outside of a redemption offer which
may not be voted