Company: QSEA
Filing Date: 2025-03-12
Form Type: S-1/A
Source: 0001829126-25-001750
Chunk: 66

Company: Quartzsea Acquisition Corp
Filing Date: 2025-03-12
Form: S-1/A
Chunk 66
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 the limitations described in
this prospectus, (ii) the redemption of any public shares properly submitted in connection with a shareholder vote to amend our Post-offering
Memorandum and Articles of Association (A) to modify the substance or timing of our obligation to allow redemption in connection with
our initial business combination or to redeem 100% of our public shares if we do not complete our initial business combination within
15 months from the consummation of this offering, or (B) with respect to any other provision relating to shareholders’ rights or
pre-initial business combination activity and (iii) the redemption of our public shares if we are unable to complete an initial business
combination within 15 months from the consummation of this offering, subject to applicable law and as further described herein. In addition,
if we are unable to complete an initial business combination within 15 months from the consummation of this offering, for any reason,
compliance with Cayman Islands law may require that we submit a plan of dissolution to our then-existing shareholders for approval prior
to the distribution of the proceeds held in our trust account. In that case, public shareholders may be forced to wait beyond the 15
months from the consummation of this offering, before they receive funds from our trust account. In no other circumstances will a public
shareholder have any right or interest of any kind in the trust account. Accordingly, to liquidate your investment, you may be forced
to sell your public shares or rights, potentially at a loss.

We anticipate that our efforts to identify a target for a business combination may be hindered by significant competition.

We anticipate that there may be significant competition in the market for the identification of investments from other blank check companies, investment companies, and other individuals. Some of these competitors may be more experienced, better staffed, and with cost of capital or other financial objectives that might permit a more competitive offering than what we might be able to offer. For example, our unpredictable future balance sheet at the time and as a result of redemptions for cash might place us at a significant disadvantage to a competitor who would not be subject to such a variation.

If the net proceeds of this offering and any other financing are insufficient to allow us to operate for at least the next 15 months from the consummation of this offering we may be unable to complete our initial business combination, in which case our public shareholders may only receive $10.00 per public share, or less than such amount in certain circumstances.