Company: QSEA
Filing Date: 2025-02-03
Form Type: DRS/A
Source: 0001829126-25-000616
Chunk: 64

Company: Quartzsea Acquisition Corp
Filing Date: 2025-02-03
Form: DRS/A
Chunk 64
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     | $        | 60,000,000 |   |
| Shareholder’s equity/(deficit)(4)                                 |     | $            |   14,834 |   |     | $        | (1,448,196 | ) |

| (1) | The “as adjusted” calculation includes $1,020,000 in cash held outside the trust account, plus $14,834 of actual shareholder’s equity at November 30, 2024.                                                                                                                                                                                                                                                               |
| (2) | The “as adjusted” calculation includes $60,000,000 of cash held in the trust account from the proceeds of this offering and the sale of the private placement units, plus $1,020,000 in cash held outside the trust account, plus $14,834 of actual shareholder’s equity at November 30, 2024.                                                                                                                            |
| (3) | The “as adjusted” value of ordinary shares which may be redeemed for cash equals the “as adjusted” the 6,000,000 ordinary shares sold in the offering multiplied by the redemption value of $10.00 per share/unit.                                                                                                                                                                                                        |
| (4) | Excludes 6,000,000 ordinary shares purchased in the public market which are subject to redemption in connection with our initial business combination. The “as adjusted” calculation equals the “as adjusted” total assets, less the “as adjusted” total liabilities, less the value of ordinary shares that may be redeemed in connection with our initial business combination (approximately $10.00 per public share). |

If no business combination is completed within the Combination Period, the proceeds then on deposit in the trust account, including interest not previously released to us (which interest shall be net of taxes payable) will be used to fund the redemption of our public shares. Our Sponsor, officers and directors have entered into a letter agreement with us, pursuant to which they have agreed to waive their rights to liquidating distributions from the trust account with respect to their founder shares and private shares if we fail to complete our initial business combination within the Combination Period.

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<div align='center'>Risk Factors</div>

An investment in our securities involves a high degree of risk. You should consider carefully all of the risks described below, which we believe represent the material risks related to the offering, together with the other information contained in this prospectus, before making a decision to invest in our units. If any of the following events occur, our business