Company: QSEA
Filing Date: 2025-03-12
Form Type: S-1/A
Source: 0001829126-25-001750
Chunk: 251

Company: Quartzsea Acquisition Corp
Filing Date: 2025-03-12
Form: S-1/A
Chunk 251
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 us or the underwriters and should not be relied upon by investors.

Other Activities and Relationships

The underwriters and their respective affiliates
are full service financial institutions engaged in various activities, which may include securities trading, commercial and investment
banking, financial advisory, investment management, investment research, principal investment, hedging, financing and brokerage activities.
Certain of the underwriters and their respective affiliates have, from time to time, performed, and may in the future perform, various
financial advisory and investment banking services for us or our affiliates, for which they received or will receive customary fees and
expenses.

In addition, in the ordinary course of their various
business activities, the underwriters and their respective affiliates may make or hold a broad array of investments and actively trade
debt and equity securities (or related derivative securities) and financial instruments (including bank loans) for their own account
and for the accounts of their customers and may at any time hold long and short positions in such securities and instruments. Such investments
and securities activities may involve securities and/or instruments of ours or our affiliates. The underwriters and their respective
affiliates may also make investment recommendations and/or publish or express independent research views in respect of such securities
or financial instruments and may at any time hold, or recommend to clients that they acquire, long and/or short positions in such securities
and instruments.

Selling Restrictions

Canada

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Resale Restrictions

We intend to distribute our securities in the Province
of Ontario, Canada (the “Canadian Offering Jurisdiction”) by way of a private placement and exempt from the requirement that
we prepare and file a prospectus with the securities regulatory authorities in such Canadian Offering Jurisdiction. Any resale of our
securities in Canada must be made under applicable securities laws that will vary depending on the relevant jurisdiction, and which may
require resales to be made under available statutory exemptions or under a discretionary exemption granted by the applicable Canadian
securities regulatory authority. Canadian resale restrictions in some circumstances may apply to resales of interests made outside of
Canada. Canadian purchasers are advised to seek legal advice prior to any resale of our securities. We may never be a “reporting
issuer”, as such term is defined under applicable Canadian securities legislation, in any province or territory of Canada in which
our securities will be offered and there currently is no public market for any of the securities in Canada, and one may never develop.
Canadian investors are advised that we have no intention to file