Company: QSEA
Filing Date: 2025-03-11
Form Type: S-1/A
Source: 0001829126-25-001676
Chunk: 276

Company: Quartzsea Acquisition Corp
Filing Date: 2025-03-11
Form: S-1/A
Chunk 276
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 at the Proposed Public Offering price less the underwriting discounts and commissions.

The
underwriters will be entitled to a cash underwriting discount of 0.75% of the gross proceeds
of the Proposed Public Offering, or $450,000 (or $517,500 if the over-allotment option is
exercised in full). In addition, the underwriters will be entitled to a deferred fee of 4.0%
of the gross proceeds of the Proposed Public Offering, or $2,400,000 (or $2,760,000 if the
over-allotment option is exercised in full), which will be paid upon the closing of a Business
Combination solely from amounts remaining in the Trust Account following all properly submitted
shareholder redemption in connection with the consummation of the initial Business Combination
and such deferred fee shall be capped at such amount so remaining in the Trust Account.

<div align='center'>F-14</div>

<div align='center'>QUARTZSEA ACQUISITION CORPORATION

NOTES TO FINANCIAL STATEMENTS</div>

Note 6 — Commitments and Contingencies(cont.)

Right of First Refusal

The Company has granted SAP a right of first
refusal for a period commencing from the consummation of the Proposed Public Offering until the earlier of (i) 10 months after the consummation
of the initial business combination (or the liquidation of the Trust Account in the event that the Company fails to consummate its initial
business combination within the prescribed time period) or (ii) 36 months after the consummation of the Proposed Public Offering in accordance
with FINRA Rule 5110(g)(6)(A) to act as lead financial advisor, capital markets advisor, underwriter and/or private placement agent in
connection with any initial business combination or in connection with any financing that occurs between the closing of the IPO and the
date that is the earlier of (i) 10 months after the closing of the initial business combination or (ii) 36 months after the consummation
of the Proposed Public Offering.

Note 7 — Shareholder’s Equity

Ordinary shares — The
Company’s Post-offering Memorandum and Articles of Association to be adopted with effect from the effectiveness of this prospectus
will be authorized to issue up to 500,000,000 ordinary shares, par value $0.0001 per share. Holders of ordinary shares are entitled to
one vote for each