Company: QSEA
Filing Date: 2025-03-11
Form Type: S-1/A
Source: 0001829126-25-001676
Chunk: 162

Company: Quartzsea Acquisition Corp
Filing Date: 2025-03-11
Form: S-1/A
Chunk 162
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 the PRC, in particular, due to the relevant PRC laws and regulations against foreign ownership of and investment in
certain assets and industries, known as restricted industries, which include but are not limited to, value-added telecommunications services
(inclusive of internet content providers). Currently, we do not have any specific business combination under consideration or contemplation,
and we have not, nor has anyone on our behalf, contacted any prospective target business or had any discussions, formal or otherwise,
with respect to such a transaction. We do not have any specific business combination under consideration and we have not (nor has anyone
on our behalf), directly or indirectly, contacted any prospective target business or had any substantive discussions, formal or otherwise,
with respect to such a transaction. Additionally, we have not engaged or retained any agent or other representative to identify or locate
any suitable acquisition candidate, to conduct any research or take any measures, directly or indirectly, to locate or contact a target
business. We are confident that we will be able to find a target business that will meet expectations. We intend to capitalize on the
strengths and experiences of our management team to select, acquire and form a business combination that has a competitive advantage
in their core business and is positioned to bring in high returns and long-term sustainable growth.

Our Sponsor and certain of our executive officers
and directors have significant ties to the PRC. We may be a less attractive partner to non-PRC based target companies as compared to
a non-PRC based special purpose acquisition company, therefore this may make it more difficult for us to complete an initial business
combination with a target company that is non-PRC based and which may therefore make it more likely for us to consummate a business combination
with a target company located in the PRC. See “Risk Factors – Risks Associated with our Business - Due to the significant ties of certain of our executive officers, directors and Sponsor to the PRC, we may be a less attractive partner to non-PRC-based target companies as compared to a non-PRC based SPAC, therefore this may make it more difficult for us to complete an initial business combination with a target company that is non-PRC based” for more information.

Background and Competitive Advantage

Our management team consists of experienced professionals and senior operating executives who bring a unique background and skillset. We will seek to leverage our management team’s network of relationships with corporate executives, private equity, venture and growth capital funds, investment banking firms, consultants