Company: QSEA
Filing Date: 2025-03-12
Form Type: S-1/A
Source: 0001829126-25-001750
Chunk: 36

Company: Quartzsea Acquisition Corp
Filing Date: 2025-03-12
Form: S-1/A
Chunk 36
---
 make purchases of ordinary shares if the purchases would violate Sections 9(a)(2) or 10(b) of the Exchange Act or Regulation M, which are rules that prohibit manipulation of a company’s stock, and we and they will comply with Rule 10b-18 under the Exchange Act in connection with any open-market purchases. If purchases cannot be made without violating applicable law, no such purchases will be made. |

| Conditions                                     
 to completing our initial business combination |     | We will have up to                                                                                                                     
 15 months from the consummation of this offering (to consummate an initial business combination. If we anticipate that we may be       
 unable to consummate our initial business combination within such period, we may seek shareholder approval to amend our Post-offering  
 Memorandum and Articles of Association to extend the date by which we must consummate our initial business combination. If we seek     
 shareholder approval for an extension, our public shareholders will be offered an opportunity to redeem their shares at a per share    
 price, payable in cash, equal to the aggregate amount then on deposit in the trust account, including interest (net of taxes payable), 
 divided by the number of then issued and outstanding public shares, subject to applicable laws. There is no limit on the number of     
 extensions that we may seek. If we determine not to extend, or fail to obtain shareholder approval to extend, the time period to       
 consummate our initial business combination, and the time to consummate our initial business combination expires, our Sponsor’s        
 investment in our founder shares and our private units will be worthless.                                                              |

| There                                                                                                                                 
 is no limitation on our ability to raise funds privately or through loans in connection with our initial business combination. Our    
 initial business combination must occur with one or more target businesses that together have an aggregate fair market value of at    
 least 80% of the value of the funds held in the trust account (excluding taxes payable on the income earned on the trust account)     
 at the time of the agreement to enter into the initial business combination. If we are no longer listed on Nasdaq, we will not be     
 required to satisfy the 80% test. However, we intend to satisfy the requirement of the 80% test even if our securities are not listed 
 on Nasdaq at the time of our initial business combination because this is a requirement in our Post-offering Memorandum and Articles  
 of Association which may only be avoided pursuant to an affirmative shareholder vote to amend the certificate. We do not intend to