Company: QSEA
Filing Date: 2025-02-24
Form Type: S-1
Source: 0001829126-25-001168
Chunk: 282

Company: Quartzsea Acquisition Corp
Filing Date: 2025-02-24
Form: S-1
Chunk 282
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 officers or persons controlling us pursuant to the foregoing
provisions, we have been informed that in the opinion of the SEC such indemnification is against public policy as expressed in the Securities
Act and is therefore unenforceable.

<div align='center'>II-1</div>

Item 15. Recent Sales of Unregistered Securities.

On November 5, 2024,
our Sponsor purchased 1,725,000 ordinary shares, known as the founder shares (225,000 of which are subject to forfeiture) for an aggregate
purchase price of $25,000, or approximately $0.0167 per ordinary share (presuming a forfeiture). On February 12, 2025, the Company and
the Sponsor entered into the First Amendment to the Subscription Agreement, pursuant to which the purchased amount of shares was adjusted
to 2,415,000 ordinary shares, $0.0104 per ordinary share. The per ordinary share purchase price of the founder shares was determined
by dividing the amount of cash contributed to the company by the aggregate number of founder shares issued. The number of founder shares
issued was determined based on the expectation that our insiders would own approximately 35% of the outstanding shares after this offering.
Such shares were issued in connection with our organization pursuant to the exemption from registration contained in Section 4(a)(2)
of the Securities Act as they were sold to accredited investors.

Item 16. Exhibits and Financial Statement Schedules.

The following exhibits are filed
as part of this Registration Statement:

EXHIBIT INDEX

| Exhibit 
 No.     |     | Description                                                                                                          |
| 1.1*    |     | Form of                                                                                                              
 Underwriting Agreement                                                                                               |
| 3.1     |     | Memorandum                                                                                                           
 and Articles of Association                                                                                          |
| 4.1*    |     | Specimen                                                                                                             
 Unit Certificate                                                                                                     |
| 4.2*    |     | Specimen                                                                                                             
 Ordinary Shares Certificate                                                                                          |
| 4.3*    |     | Specimen                                                                                                             
 Rights Certificate                                                                                                   |
| 4.4*    |     | Rights                                                                                                               
 Agreement by and between Continental Stock Transfer & Trust Company and the Registrant                               |
| 5.1*    |     | Opinion                                                                                                              
 of Celine and Partners, P.L.L.C.                                                                                     |
| 5.2*    |     | Opinion                                                                                                              
 of Ogier                                                                                                             |
|