Company: QSEA
Filing Date: 2025-03-11
Form Type: S-1/A
Source: 0001829126-25-001676
Chunk: 92

Company: Quartzsea Acquisition Corp
Filing Date: 2025-03-11
Form: S-1/A
Chunk 92
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 concentration
of business operators that may have the effect of precluding or impeding competition. To implement the Antitrust Law, in 2008, the State
Council formulated the regulations that require filing of concentration of business operators, pursuant to which concentration of business
operators refers to (1) merger with other business operators; (2) gaining control over other business operators through acquisition of
equity interest or assets of other business operators; and (3) gaining control over other business operators through exerting influence
on other business operators through contracts or other means. In 2009, the Ministry of Commerce, to which the Antitrust Commission is
affiliated, promulgated the Measures for Filing of Concentration of Business Operators (amended by the Guidelines for Filing of Concentration
of Business Operators in 2014), which set forth the criteria of concentration and the requirement of miscellaneous documents for the
purpose of filing. Our Sponsor and certain of our executive officers and directors have significant ties to the PRC, and we may seek
to acquire a company that is based in China or Hong Kong in an initial business combination. The business combination we contemplate
may be considered the concentration of business operators, and to the extent required by the Antitrust Law and the criteria established
by the State Council, we must file with the antitrust authority under the PRC State Council prior to conducting the contemplated business
combination. If the antitrust authority decides not to further investigate whether the contemplated business combination has the effect
of precluding or impeding competition or fails to make a decision within 30 days from receipt of relevant materials, we may proceed to
consummate the contemplated business combination. If antitrust authority decides to prohibit the contemplated business combination after
further investigation, we must terminate such business combination and would then be forced to either attempt to complete a new business
combination if it was prior to 15 months from the closing of this offering or we would be required to return any amounts which were held
in the trust account to our shareholders. When we evaluate a potential business combination, we will consider the need to comply with
the Antitrust Law and other relevant regulations which may limit our ability to effect an acquisition or may result in our modifying
or not pursuing a particular transaction.

If we become directly subject to the recent scrutiny, criticism and negative publicity involving U.S.-listed Chinese companies, we may have to expend significant resources to investigate and resolve the matter which could harm our business operations, this offering and our reputation and could