Company: QSEA
Filing Date: 2025-02-24
Form Type: S-1
Source: 0001829126-25-001168
Chunk: 209

Company: Quartzsea Acquisition Corp
Filing Date: 2025-02-24
Form: S-1
Chunk 209
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 not issue additional shares that would entitle the holders thereof to (i) receive funds from the trust account or (ii) vote 
 on any initial business combination;                                                                                               |

| ● | Although we do not intend to enter                                                                                                   
 into an initial business combination with a target business that is affiliated with our Sponsor, our directors or our officers, we   
 are not prohibited from doing so. In the event we enter into such a transaction, we, or a committee of independent directors, will   
 obtain an opinion from an independent investment banking firm or another independent entity that commonly renders valuation opinions 
 that such an initial business combination is fair to our shareholders from a financial point of view;                                |

| ● | If a shareholder vote on our initial                                                                                                  
 business combination is not required by law and we do not decide to hold a shareholder vote for business or other legal reasons,      
 we will offer to redeem our public shares pursuant to Rule 13e-4 and Regulation 14E of the Exchange Act, and will file tender         
 offer documents with the SEC prior to completing our initial business combination which contain substantially the same financial      
 and other information about our initial business combination and the redemption rights as is required under Regulation 14A of the     
 Exchange Act; whether or not we maintain our registration under the Exchange Act or our listing on Nasdaq, we will provide our public 
 shareholders with the opportunity to redeem their public shares by one of the two methods listed above;                               |

| ● | So long as we obtain and maintain                                                                                                    
 a listing for our securities on Nasdaq, our initial business combination must occur with one or more target businesses that together 
 have an aggregate fair market value of at least 80% of the value of the assets held in the trust account (excluding taxes payable    
 on the interest income earned on the trust account) at the time of the agreement to enter into the initial business combination;     |

| ● | If our shareholders approve an amendment to our                                                                                     
 Memorandum and Articles of Association (i) 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 18 months from the consummation of this offering, or (ii) with respect to any other provision relating to shareholders’      
 rights or pre-initial business combination activity, we will provide our public shareholders with the opportunity to redeem all or  
 a portion of their public shares upon such approval at a per