Company: QSEA
Filing Date: 2025-03-11
Form Type: S-1/A
Source: 0001829126-25-001676
Chunk: 187

Company: Quartzsea Acquisition Corp
Filing Date: 2025-03-11
Form: S-1/A
Chunk 187
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 stockholders, namely, among other matters, to extend the time Quetta has        
 to complete a business combination to a month-to-month extension basis, beginning on January 10, 2025, until October 10, 2026. Similarly, 
 on August 22, 2024, Yotta’s stockholders at its annual meeting, approved Yotta’s right to extend the Business Combination                 
 Period from August 22, 2024 to October 22, 2025. Lastly, Daniel M. McCabe serves as an independent director of Black Hawk Acquisition     
 Corporation, which is still searching for a target to consummate its business combination and has yet to file for an extension. Black     
 Hawk Acquisition Corporation has until June 20, 2025 to complete its initial business combination, and if it fails to do so, Black        
 Hawk Acquisition Corporation may seek approval from its shareholders to extend the time it has to complete its business combination       
 without a vote of the public shareholders up to two times by an additional three months each time for a total of up to 18 or 21 months    
 by depositing $690,000 into the trust account for each extension, as applicable.                                                          |

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In general, officers, directors, and director nominees of a company incorporated under the laws of the Cayman Islands are required to present business opportunities to a company if:

| ● | the                                                      
 corporation could financially undertake the opportunity; |

| ● | the                                                           
 opportunity is within the corporation’s line of business; and |

| ● | it                                                                                                                                   
 would not be fair to the corporation and its shareholders for the opportunity not to be brought to the attention of the corporation. |

Accordingly, as a result of multiple business
affiliations, our officers, directors, and director nominees may have similar legal obligations relating to presenting business opportunities
meeting the above-listed criteria to multiple entities Our Post-offering Memorandum and Articles of Association provides for indemnification
of our officers and directors to the maximum extent permitted by law, (i) no individual serving as a director or an officer shall have
any duty, except and to the extent expressly assumed by contract, to refrain from engaging directly or indirectly in the same or similar
business activities or lines of business as us; and (ii) we renounce our interest in any corporate opportunity offered to any director
or officer unless such opportunity is expressly offered to such person solely in his or her capacity as a director or officer of our