Company: QSEA
Filing Date: 2025-02-24
Form Type: S-1
Source: 0001829126-25-001168
Chunk: 246

Company: Quartzsea Acquisition Corp
Filing Date: 2025-02-24
Form: S-1
Chunk 246
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. This information assumes
either no exercise or full exercise by the representative of its over-allotment option.

|                          |     | Per Unit |       |     | Without        
 Over-allotment |            |     | With           
 Over-allotment |            |
|:-------------------------|:----|:---------|------:|:----|:---------------|-----------:|:----|:---------------|-----------:|
| Discount(1)              |     | $        | 0.075 |     | $              |    450,000 |     | $              |    517,500 |
| Proceeds before expenses |     | $        | 9.925 |     | $              | 59,550,000 |     | $              | 68,482,500 |

| (1) | In addition, the underwriters will be entitled to a deferred fee of                                                                     
 4.0% of the gross proceeds of the Proposed Public Offering, or $2,400,000 (or $2,760,000 if the over-allotment option is exercised      
 in full), which will be paid upon the closing of a Business Combination solely from amounts remaining in the Trust Account following    
 all properly submitted shareholder redemption in connection with the consummation of the initial Business Combination and such deferred 
 fee shall be capped at such amount so remaining in the Trust Account.                                                                   |

We estimate that the total expenses of the offering
payable by us, not including the underwriting discount, will be approximately $1.7 million. We have agreed to pay for (i) fees and disbursements
of the representative’s counsel (not to exceed $20,000) incurred in registering the offering with FINRA and (ii) an investigative
search firm of the representative’s choice to conduct investigations of our principals.

No discounts or commissions will be paid on the sale
of the private units.

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Right of First Refusal

We have granted SAP a right of first refusal
for a period commencing from the consummation of this offering until the earlier of (i) 10 months after the consummation of our initial
business combination (or the liquidation of the trust account in the event that we fail to consummate our initial business combination
within the prescribed time period) or (ii) 36 months after the consummation of this offering in accordance with FINRA Rule 5110(g)(6)(A)
to act