Company: QSEA
Filing Date: 2025-03-12
Form Type: S-1/A
Source: 0001829126-25-001750
Chunk: 108

Company: Quartzsea Acquisition Corp
Filing Date: 2025-03-12
Form: S-1/A
Chunk 108
---
by a registered national securities association, that has established initial listing standards that meet or exceed the criteria set
forth in the Exchange Rule. Once the Company’s securities are listed on the Nasdaq Global Market and have been so listed since
the consummation of its proposed IPO, the Company can therefore rely on the Exchange Rule to avoid being treated as a penny stock. Thus,
the investor protections of Rule 419 will not apply: restriction on the transferability of the securities, completion of an initial
business combination within 15 months, and restriction on the use of interest earned on the funds held in trust. For more information
comparing our offering with offerings governed by Rule 419, please refer to the section of this prospectus entitled “Proposed
Business: Comparison of This Offering to Blank Check Offerings Subject to Rule 419.”

<div align='center'>68</div>

Our Sponsor will hold a substantial interest in us. As a result, it may exert a substantial influence on actions requiring a shareholder vote, potentially in a manner that you do not support.

Upon the consummation of this offering, our
Sponsor will own shares representing approximately 35% of our issued and outstanding ordinary shares (excluding the private shares and
assuming it does not purchase any units in this offering). Neither our Sponsor nor, to our knowledge, any of our officers or directors,
have any current intention to purchase additional securities, other than as disclosed in this prospectus. Factors that would be considered
in making such additional purchases would include consideration of the current trading price of our public shares. In addition, as a
result of their substantial ownership in our company, our Sponsor may exert a substantial influence on other actions requiring a shareholder
vote, potentially in a manner that you do not support, including amendments to our Post-offering Memorandum and Articles of Association
and approval of major corporate transactions. If our Sponsor purchases any public units in this offering or any additional public shares
in the aftermarket or in privately negotiated transactions, this would increase its influence over these actions. In addition, upon our
Post-offering Memorandum and Articles of Association taking effect, our board of directors, whose members were elected by our Sponsor,
will be divided into three classes, each of which will generally serve for a term of three years with only one class of directors being
elected in each subsequent year thereafter. We may not hold an annual meeting of shareholders to elect new directors prior to the completion
of our initial business combination, in which case all of the