Company: QSEA
Filing Date: 2025-02-24
Form Type: S-1
Source: 0001829126-25-001168
Chunk: 34

Company: Quartzsea Acquisition Corp
Filing Date: 2025-02-24
Form: S-1
Chunk 34
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                                               |     |                              |
| Number of Rights outstanding before this offering     |     |                            0 |
| Number of Rights                                      
 outstanding after this offering and private placement |     |                 6,245,000(3) |

| Terms of Rights: |     | Except in cases where we are not the surviving company in an initial business combination, each right shall automatically convert into one-tenth of one ordinary share upon consummation of our initial business combination. In the event we will not be the surviving company upon completion of our initial business combination, each holder of a right will be required to affirmatively convert his, her or its rights in order to receive the one-tenth (1/10) of an ordinary share of the new entity underlying each right upon consummation of the initial business combination. We will not issue fractional shares in connection with an exchange of rights. Fractional shares will either be rounded down to the nearest whole share or otherwise addressed in accordance with Cayman Islands law. As a result, you must hold rights in multiples of ten in order to receive shares for all of your rights upon closing of an initial business combination. If we are unable to complete an initial business combination within the required time period, and we redeem the public shares for the funds held in the trust account, holders of rights will not receive any of such funds for their rights and the rights will expire worthless. |

| (1) | This assumes no exercise of the underwriters’ over-allotment option.                                                              |
| (2) | Represents 2,415,000 founder shares                                                                                               
 (including up to an aggregate of 315,000 ordinary shares subject to forfeiture depending on the extent to which the underwriters’ 
 over-allotment option is not exercised in full or in part).                                                                       |
| (3) | The numbers assume that the underwriters’                                                                                         
 over-allotment has not been exercised and an aggregate of 315,000 ordinary shares held by our Sponsor have been forfeited.        |

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| Founder 
 shares  |     | On November 5, 2024,                                                                                                                      
 the Company and the Sponsor entered into a Securities Subscription Agreement, pursuant to which our Sponsor purchased 1,725,000 ordinary  
 shares, for an aggregate purchase price of $25,000, or approximately $0.0145 per ordinary share (or $0.0167 in the case of the forfeiture 
 of 225,000 shares if the over