Company: QSEA
Filing Date: 2025-03-12
Form Type: S-1/A
Source: 0001829126-25-001750
Chunk: 243

Company: Quartzsea Acquisition Corp
Filing Date: 2025-03-12
Form: S-1/A
Chunk 243
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 applicable withholding agent that such entity does not have any “substantial United States owners” or (ii) provides
certain information regarding the entity’s “substantial United States owners,” which will in turn be provided to the
U.S. Department of the Treasury. The U.S. Department of the Treasury has proposed regulations which eliminate the federal withholding
tax of 30% applicable to the gross proceeds of a sale or other disposition of our securities. Withholding agents may rely on the proposed
Treasury Regulations until final regulations are issued. Prospective investors should consult their tax advisors regarding the possible
effects of FATCA on their investment in our securities.

THE U.S. FEDERAL INCOME TAX DISCUSSION SET FORTH ABOVE IS INCLUDED FOR GENERAL INFORMATION ONLY AND MAY NOT BE APPLICABLE DEPENDING UPON A HOLDER’S PARTICULAR SITUATION. HOLDERS ARE URGED TO CONSULT THEIR OWN TAX ADVISORS WITH RESPECT TO THE TAX CONSEQUENCES TO THEM OF THE ACQUISITION, OWNERSHIP AND DISPOSITION OF OUR ORDINARY SHARES AND RIGHTS, INCLUDING THE TAX CONSEQUENCES UNDER STATE, LOCAL, ESTATE, NON-U.S. AND OTHER TAX LAWS AND TAX TREATIES AND THE POSSIBLE EFFECTS OF CHANGES IN U.S. OR OTHER TAX LAWS.

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<div align='center'>Shares Eligible for Future Sale</div>

Immediately after the consummation of this
offering (assuming no exercise of the underwriters’ over-allotment option) we will have 8,318,250 (or 9,540,000 if the underwriters’
over-allotment option is exercised in full) ordinary shares outstanding. Of these shares, the 6,000,000 public shares (or 6,900,000 if
the underwriters’ over-allotment option is exercised in full) sold in this offering will be freely tradable without restriction
or further registration under the Securities Act, except for any shares purchased by one of our affiliates within the meaning of Rule 144
under the Securities Act. All of the remaining shares are restricted securities under Rule 144, in that they were issued in private
transactions not involving a public offering. All of those shares have been placed in escrow and will not be transferable until they
are released except in limited circumstances described elsewhere in this prospectus.

The founder shares and private shares are subject
to transfer restrictions as set forth elsewhere in this