Company: QSEA
Filing Date: 2025-03-12
Form Type: S-1/A
Source: 0001829126-25-001750
Chunk: 279

Company: Quartzsea Acquisition Corp
Filing Date: 2025-03-12
Form: S-1/A
Chunk 279
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 include any adjustments that might result from the outcome
of this uncertainty.

Registration Rights

The holders of the Founder Shares issued and
outstanding as of November 30, 2024, as well as the holders of the private units and any shares of the Company’s insiders, officers,
directors or their affiliates may be issued in payment of working capital loans and extension loans made to the Company (and any shares
of ordinary shares issuable upon conversion of the underlying the private rights), will be entitled to registration rights pursuant to
an agreement to be signed prior to or on the effective date of the registration statement. The holders of a majority of these securities
are entitled to make demands that the Company register such securities. Both the holders of the Founder Shares and the holders of the
private units as well as shares issued in payment of working capital loans made to the Company, if applicable, will have the ability
to elect to exercise these registration rights at any time after the consummation of an initial business combination. In addition, the
holders have certain “piggy-back” registration rights with respect to registration statements filed subsequent to the consummation
of an initial business combination. The Company will bear the expenses incurred in connection with the filing of any such registration
statements.

Underwriting Agreement

The Company has granted SPAC Advisory Partners (“SAP”),
the representative of the underwriters, a 45-day option from the date of this prospectus to purchase up to 900,000 additional Units to
cover over-allotments, if any, at the Proposed Public Offering price less the underwriting discounts and commissions.

The
underwriters will be entitled to a cash underwriting discount of 0.75% of the gross proceeds
of the Proposed Public Offering, or $450,000 (or $517,500 if the over-allotment option is
exercised in full). In addition, the underwriters will be entitled to a deferred fee of 4.0%
of the gross proceeds of the Proposed Public Offering, or $2,400,000 (or $2,760,000 if the
over-allotment option is exercised in full), which will be paid upon the closing of a Business
Combination solely from amounts remaining in the Trust Account following all properly submitted
shareholder redemption in connection with the consummation of the initial Business Combination
and such deferred fee shall be capped at such amount so remaining in the Trust Account.

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