Company: QSEA
Filing Date: 2025-03-11
Form Type: S-1/A
Source: 0001829126-25-001676
Chunk: 214

Company: Quartzsea Acquisition Corp
Filing Date: 2025-03-11
Form: S-1/A
Chunk 214
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 in some circumstances and insures us against our obligations to indemnify the directors and officers.

These provisions may discourage shareholders from
bringing a lawsuit against our directors for breach of their fiduciary duty. These provisions also may have the effect of reducing the
likelihood of derivative litigation against directors and officers, even though such an action, if successful, might otherwise benefit
us and our shareholders. Furthermore, a shareholder’s investment may be adversely affected to the extent we pay the costs of settlement
and damage awards against directors and officers pursuant to these indemnification provisions. We believe that these provisions, the
insurance and the indemnity agreements are necessary to attract and retain talented and experienced directors and officers.

Insofar as indemnification for liabilities arising
under the Securities Act may be permitted to our directors, officers and controlling persons pursuant to the foregoing provisions, or
otherwise, we have been advised that in the opinion of the SEC such indemnification is against public policy as expressed in the Securities
Act and is, therefore, unenforceable.

Our Registrar

The registrar for our securities is Continental Stock
Transfer & Trust Company.

Our Transfer Agent and Rights Agent

The transfer agent for our ordinary shares and rights
agent for our rights is Continental Stock Transfer & Trust Company, 1 State Street, New York, New York 10004. We have agreed to indemnify
Continental Stock Transfer & Trust Company in its roles as transfer agent and rights agent, its agents and each of its shareholders,
directors, officers and employees against all claims and losses that may arise out of acts performed or omitted for its activities in
that capacity, except for any liability due to any gross negligence, willful misconduct or bad faith of the indemnified person or entity.

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Listing of our Securities

We have or will imminently apply to have our
public units, public shares, and public rights listed on Nasdaq under the symbols “QSEAU,” “QSEA,” and “QSEAR.”
If approved for listing, we anticipate that our units will be listed on Nasdaq on or promptly after the effectiveness of the registration
statement of which this prospectus forms a part. Following the date that the public shares and public rights are eligible to trade separately,
we anticipate that the public shares and public rights will be listed separately, and, for those not separated, as a public unit on Nasdaq.

Certain Differences in Corporate Law

Cayman Islands companies are governed by the Companies
Act. The Companies Act