Company: QSEA
Filing Date: 2025-03-12
Form Type: S-1/A
Source: 0001829126-25-001750
Chunk: 194

Company: Quartzsea Acquisition Corp
Filing Date: 2025-03-12
Form: S-1/A
Chunk 194
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 | % |
| All                                                       
 officers and director nominees as a group (4 individuals) |     |                    | 2,415,000 |     |                 | 100 | % |     |                 | 2,318,250 |    |     |                 | 28.49 | % |

| (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 315,000                                                                                           
 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 315,000 ordinary shares are forfeited. Includes 218,250 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.                               |

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Immediately after this offering, our initial shareholders
will beneficially own 35% 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 35% 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 218,250