Company: QSEA
Filing Date: 2025-02-24
Form Type: S-1
Source: 0001829126-25-001168
Chunk: 131

Company: Quartzsea Acquisition Corp
Filing Date: 2025-02-24
Form: S-1
Chunk 131
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 of $10.00.

| Public shares                             |     |   |  6,000,000 |
| Private shares                            |     |   |    245,000 |
| Founder shares                            |     |   |  2,100,000 |
| Total shares                              |     |   |  8,345,000 |
| Total funds in trust available            
 for initial business combination          |     | $ | 57,900,000 |
| Initial implied value per public          
 share                                     |     | $ |      10.00 |
| Implied value per share upon consummation 
 of initial business combination           |     | $ |       6.94 |

<div align='center'>80</div>

We may issue additional ordinary shares to complete our initial business combination or under an employee incentive plan after completion of our initial business combination. Any such issuances would dilute the interest of our shareholders and likely present other risks.

We are authorized to issue up to 500,000,000
ordinary share, par value $0.0001 per share. Immediately after this offering, there will be 491,655,000 authorized but unissued ordinary
shares (assuming no exercise of the underwriter’s over-allotment option), which amount does not take into account the ordinary
shares reserved for issuance upon exercise of any outstanding rights. We may issue a substantial number of additional ordinary shares
to complete our initial business combination (including pursuant to a specified future issuance) or under an employee incentive plan
after completion of our initial business combination (although our Memorandum and Articles of Association will provide that we may not
issue securities that can vote with holders of ordinary shares on matters related to our pre-initial business combination activity, on
any amendment to certain provisions of our Memorandum and Articles of Association or on our initial business combination). However, our
Memorandum and Articles of Association will provide, among other things, that prior to our initial business combination, we may not issue
additional ordinary shares that would entitle the holders thereof to (i) receive funds from the trust account or (ii) vote on any initial
business combination. These provisions of our Memorandum and Articles of Association, like all provisions of our Memorandum and Articles
of Association, may be amended with the approval of our shareholders. However, our officers, directors, and, if applicable, director
nominees have agreed, pursuant to a written agreement with us, that they will not propose any amendment to