Company: QSEA
Filing Date: 2025-03-12
Form Type: S-1/A
Source: 0001829126-25-001750
Chunk: 242

Company: Quartzsea Acquisition Corp
Filing Date: 2025-03-12
Form: S-1/A
Chunk 242
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 furnishes a correct taxpayer identification number and makes other required certifications, or who is otherwise
exempt from backup withholding and establishes such exempt status. Payments made to a Non-U.S. Holder generally will not be subject to
backup withholding if the Non-U.S. Holder provides certification of its foreign status, under penalties of perjury, on a duly executed
applicable IRS Form W-8 or by otherwise establishing an exemption.

Backup withholding is not an additional tax. Amounts
withheld under the backup withholding rules may be credited against a holder’s U.S. federal income tax liability, and a holder
generally may obtain a refund of any excess amounts withheld by timely filing the appropriate claim for refund with the IRS and furnishing
any required information. All holders should consult their tax advisors regarding the application of information reporting and backup
withholding to them.

FATCA Withholding Taxes

Sections 1471 through 1474 of the Code and the
Treasury Regulations and administrative guidance promulgated thereunder (commonly referred to as the “Foreign Account Tax Compliance
Act” or “FATCA”) generally impose withholding of 30% in certain circumstances on payments of dividends (including constructive
dividends) and, subject to the proposed Treasury Regulations discussed below, on proceeds from sales or other disposition of our securities
paid to “foreign financial institutions” (which is broadly defined for this purpose and includes investment vehicles) and
certain other non-U.S. entities unless various U.S. information reporting and due diligence requirements (relating to ownership by U.S.
persons of interests in or accounts with those entities) have been satisfied or an exemption applies (typically certified as to by the
delivery of a properly completed IRS Form W-8BEN-E). If FATCA withholding is imposed, a beneficial owner that is not a foreign financial
institution will be entitled to a refund of any amounts withheld by filing a U.S. federal income tax return (which may entail significant
administrative burden). Foreign financial institutions located in jurisdictions that have an intergovernmental agreement with the United
States governing FATCA may be subject to different rules. Similarly, dividends and, subject to the proposed Treasury Regulations discussed
below, proceeds from sales or other disposition in respect of our units held by an investor that is a non-financial non-U.S. entity that
does not qualify under certain exceptions generally will be subject to withholding at a rate of 30%, unless such entity either (i) certifies
to us or the