Company: QSEA
Filing Date: 2025-03-12
Form Type: S-1/A
Source: 0001829126-25-001750
Chunk: 203

Company: Quartzsea Acquisition Corp
Filing Date: 2025-03-12
Form: S-1/A
Chunk 203
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 the holders present in person or by proxy of outstanding shares
of the company representing a majority of the voting power of all outstanding shares of the company entitled to vote at such meeting.

However, the participation of our Sponsor, officers,
directors, advisors or their affiliates in privately-negotiated transactions (as described in this prospectus), if any, could result in
the approval of our initial business combination even if majority of our public shareholders vote, or indicate their intention to vote,
against such business combination. For purposes of seeking approval of the majority of our issued and outstanding ordinary shares voted,
non-votes will have no effect on the approval of our initial business combination once a quorum is obtained. We intend to give approximately
30 days (but not less than 10 days nor more than 60 days) prior written notice of any such meeting, if required, at which a vote shall
be taken to approve our initial business combination. These quorum and voting thresholds, as well as the voting agreements of our initial
shareholders, may make it more likely that we will consummate our initial business combination.

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If we seek shareholder approval of our initial
business combination and we do not conduct redemptions in connection with our initial business combination pursuant to the tender offer
rules, our Post-offering Memorandum and Articles of Association will provide that a public shareholder, together with any affiliate of
such shareholder or any other person with whom such shareholder is acting in concert or as a “group” (as defined under Section 13
of the Exchange Act), will be restricted from redeeming its shares with respect to more than an aggregate of 15% of the ordinary shares
sold in this offering, which we refer to as the Excess Shares. However, we would not be restricting our shareholders’ ability to
vote all of their shares (including Excess Shares) for or against our initial business combination. Our shareholders’ inability
to redeem the Excess Shares will reduce their influence over our ability to complete our initial business combination, and such shareholders
could suffer a material loss in their investment if they sell such Excess Shares on the open market. Additionally, such shareholders
will not receive redemption distributions with respect to the Excess Shares if we complete the initial business combination. And, as
a result, such shareholders will continue to hold their Excess Shares and, in order to dispose such shares would be required to sell
their shares in open market transactions, potentially at a loss.