Company: QSEA
Filing Date: 2025-02-03
Form Type: DRS/A
Source: 0001829126-25-000616
Chunk: 14

Company: Quartzsea Acquisition Corp
Filing Date: 2025-02-03
Form: DRS/A
Chunk 14
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% of the balance in our trust account (excluding taxes payable on the income earned on the deposit account) at the time of the agreement to enter into the initial combination; |

| ● | “affiliate” is to companies controlled by or under common control with the Sponsor, our officers, and/or our officers’ controlled entities; |

| ● | “ordinary shares” are to our ordinary shares, par value $0.0001 per share; |

| ● | “Companies Act” are to the Companies Act (Revised) of the Cayman Islands, as the same may be amended from time to time; |

| ● | “founder shares” are to the 1,725,000 ordinary shares initially purchased by our Sponsor in a private placement prior to this offering (including up to an aggregate of 225,000 ordinary shares subject to forfeiture depending on the extent to which the underwriters’ over-allotment option is not exercised in full or in part); |

| ● | “initial business combination” are to our merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more target businesses or entities that together have a fair market value equal to at least 80% of the balance in our trust account (less any taxes payable on interest earned) at the time of our signing a definitive agreement for such business combination; |

| ● | “insiders” and “initial shareholders” are to the Sponsor, directors, officers and any holders of our founder shares prior to consummation of this offering (or their permitted transferees); |

| ● | “management team” are to Ms. Qi Gong and our independent director nominees (Mr. Daniel M. McCabe, Mr. Wei (Victor) Zhang, and Mr. Ping Zhang), collectively; |

| ● | “private placement shares” and “private shares” are to the ordinary shares included in our private units; |

| ● | “private rights” are to the rights included in our private units; |

| ● | “private units” are to the units, each consisting of one ordinary share and one right, that our Sponsor is purchasing in a private placement concurrent with the consummation of this offering; |

| ● | “public shares” are to ordinary shares included in the public units that are registered and described herein as a part of our public offering (whether they are purchased in this offering or thereafter in the open market); |

| ● | “public shareholders” are to the holders of our public shares;