Company: QSEA
Filing Date: 2025-03-12
Form Type: S-1/A
Source: 0001829126-25-001750
Chunk: 171

Company: Quartzsea Acquisition Corp
Filing Date: 2025-03-12
Form: S-1/A
Chunk 171
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 such tender offer will
be structured so that each shareholder may tender all of his, her, or its shares rather than some pro rata portion of his, her, or its
shares. The decision as to whether we will seek shareholder approval of a proposed business combination or whether we will allow shareholders
to sell their shares to us in a tender offer will be made by us, solely in our discretion, and will be based on a variety of factors
such as the timing of the transaction and whether the terms of the transaction would otherwise require us to seek shareholder approval.
We anticipate that our business combination could be completed by way of a merger, share exchange, asset acquisition, stock purchase,
recapitalization, reorganization, or other similar transaction. If we decide to allow shareholders to sell their shares to us in a tender
offer, we will file tender offer documents with the SEC which will contain substantially the same financial and other information about
the initial business combination as is required under the SEC’s proxy rules. If we seek shareholder approval, we will consummate
our initial business combination only if we seek shareholder approval, we obtain the approval of an ordinary resolution under Cayman
Islands law, which requires the affirmative vote of a majority of the outstanding ordinary shares voted at the meeting so long as the
minimum number of shareholders required for a quorum attend the meeting (whether in person or by proxy).

We will have up to 15 months from the consummation
of this offering to consummate an initial business combination. If we are unable to consummate an initial business combination within
such time period, we will redeem 100% of our issued and outstanding public shares for a pro rata portion of the funds held in the trust
account, equal to the aggregate amount then on deposit in the trust account including interest earned on the funds held in the trust
account and not previously released to us to pay our taxes (less up to $50,000 of interest to pay liquidation and dissolution expenses),
divided by the number of then outstanding public shares, subject to applicable law and as further described herein, and then seek to
liquidate and dissolve. We expect the pro rata redemption price to be approximately $10.00 per public share (regardless of whether or
not the underwriters exercise their over-allotment option), without taking into account any interest earned on such funds. However, we
cannot assure you that we will in fact be able to distribute such amounts as a result of claims of creditors