Company: QSEA
Filing Date: 2025-03-11
Form Type: S-1/A
Source: 0001829126-25-001676
Chunk: 176

Company: Quartzsea Acquisition Corp
Filing Date: 2025-03-11
Form: S-1/A
Chunk 176
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| ● | prior to our initial business combination, we may not issue additional                                                                      
 shares that would entitle the holders thereof to (i) receive funds from the trust account or (ii) vote on any initial business combination. |

Competition

In identifying, evaluating, and selecting a target business, we may encounter intense competition from other entities having a business objective similar to ours. Many of these entities are well established and have extensive experience identifying and effecting business combinations directly or through affiliates. Many of these competitors possess greater technical, human, and other resources than us, and our financial resources will be relatively limited as compared with those of many of these competitors. While we believe there may be numerous potential target businesses with which we could complete an initial business combination with the net proceeds of this offering, our ability to compete in completing a business combination with certain sizable target businesses may be limited by our available financial resources.

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The following also may not be viewed favorably by certain target businesses:

| ● | our                                                                                                                              
 obligation to seek shareholder approval of our initial business combination or engage in a tender offer may delay the completion 
 of a transaction;                                                                                                                |

| ● | our                                                                                                                                  
 obligation to redeem public shares held by our public shareholders may reduce the resources available to us for our initial business 
 combination;                                                                                                                         |

| ● | our                                                                                                          
 obligation to either repay working capital loans that may be made to us by our insiders or their affiliates; |

| ● | our                                                                                                                              
 obligation to register the resale of the founder shares, as well as the private units (and underlying securities) and any shares 
 issued to our insiders or their affiliates upon conversion of working capital loans, if we and they agree to do so; and          |

| ● | the                                                                                                                        
 impact on the target business’s assets as a result of unknown liabilities under the securities laws or otherwise depending 
 on developments involving us prior to the consummation of a business combination.                                          |

Any of these factors may place us at a competitive disadvantage in successfully negotiating our initial business combination. Our management believes, however, that our status as a public entity and potential access to the United States public equity markets may give us a competitive advantage over privately held entities having a similar business objective as ours in connection with an initial business combination with a target business with significant growth potential on favorable terms.

If we succeed in effecting our initial business combination, there will be, in all likelihood, intense competition from competitors of the target business.