Company: QSEA
Filing Date: 2025-02-03
Form Type: DRS/A
Source: 0001829126-25-000616
Chunk: 202

Company: Quartzsea Acquisition Corp
Filing Date: 2025-02-03
Form: DRS/A
Chunk 202
---
100 | % |     |                 | 1,713,300 |    |     |                 | 22.23 | % |

| (1) | Unless otherwise noted, the business address of each of the following entities or individuals is 1185 Avenue of the Americas, Suite 304, New York, NY 10036.                                                                                                                            |
| (2) | These shares represent the founder shares, an aggregate of 225,000 of which are subject to forfeiture depending on the extent to which the underwriters’ over-allotment option is not exercised in full or in part.                                                                     |
| (3) | Assumes no exercise of the over-allotment option and, therefore, an aggregate of 225,000 ordinary shares are forfeited. Includes 215,000 ordinary shares underlying the private units to be purchased by Blue Jay Investment LLC simultaneously with the consummation of this offering. |
| (4) | Ms. Qi Gong has voting and dispositive power over the shares owned by Blue Jay Investment LLC.                                                                                                                                                                                          |
| (5) | Represents the shares owned by Blue Jay Investment LLC, a Delaware limited liability company, which is controlled by Ms. Gong.                                                                                                                                                          |

<div align='center'>124</div>

Immediately after this offering, our initial shareholders will beneficially own 20% of the then-issued and outstanding ordinary shares (excluding the private shares and assuming they do not purchase any public units in this offering). If we increase or decrease the size of the offering, we will effect a share dividend or a share contribution back to capital or other appropriate mechanism, as applicable, with respect to our founder shares immediately prior to the consummation of the offering in such amount as to maintain the ownership of our initial shareholders at 20% of our issued and outstanding ordinary shares upon the consummation of this offering (excluding the private shares and assuming they do not purchase any public units in this offering). Because of this ownership block, our initial shareholders may be able to effectively influence the outcome of all matters requiring approval by our shareholders, including the election of directors, amendments to our memorandum and articles of association and approval of significant corporate transactions, including approval of our initial business combination.

Our Sponsor has committed to purchase an aggregate of 215,000 private units at $10.00 per private unit for a total purchase price of $2,150,000 from us. Our Sponsor has also agreed that if the over-allotment option is exercised by the underwriters in full or in part, they