Company: QSEA
Filing Date: 2025-02-03
Form Type: DRS/A
Source: 0001829126-25-000616
Chunk: 65

Company: Quartzsea Acquisition Corp
Filing Date: 2025-02-03
Form: DRS/A
Chunk 65
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, financial condition and operating results may be materially adversely affected. In that event, the trading price of our securities could decline, and you could lose all or part of your investment. This prospectus also contains forward-looking statements that involve risks and uncertainties. Our actual results could differ materially from those anticipated in the forward-looking statements as a result of specific factors, including the risks described below.

<div align='center'>RISKS RELATING TO OUR SEARCH FOR, CONSUMMATION OF, OR INABILITY TO

CONSUMMATE, A BUSINESS COMBINATION AND POST-BUSINESS COMBINATION RISKS</div>

We are a Cayman Islands exempted company with no operating history and no revenues, and you have no basis on which to evaluate our ability to achieve our business objective.

We are an exempted company incorporated under the laws of the Cayman Islands with limited liability, with no operating results, and we will not commence operations until obtaining funding through this offering. Because we lack an operating history, you have no basis upon which to evaluate our ability to achieve our business objective of completing our initial business combination with one or more target businesses. We have no plans, arrangements or understandings with any prospective target business concerning an initial business combination and may be unable to complete our initial business combination. If we fail to complete our initial business combination, we will never generate any operating revenues.

The ownership interest of our Sponsor may change, and our Sponsor may divest its ownership interest in us before identifying a business combination, which could deprive us of key personnel and advisors.

Our sponsor, Blue Jay Investment LLC, is a Delaware limited liability company. Our Sponsor is currently controlled by Ms. Qi Gong, our Chairwoman, Chief Executive Officer, Chief Financial Officer, and Director, thus, Ms. Qi Gong currently holds voting and investment discretion with respect to the ordinary shares held of record by the Sponsor. However, this may change as there is no contractual restriction on the Sponsor or the Sponsor’s owners’ ability to share, sell or otherwise dispose of part or all of the interests in our sponsor. In addition, the Sponsor’s owners could, with our permission, transfer any securities owned by it to a third party, resulting in such third party obtaining control over us. As a result, there is a risk that our Sponsor (or its owners) may divest its (or their) ownership or economic interests in us or in the Sponsor before a business combination target is identified or consummated, which would likely result in the Company’s loss