Company: QSEA
Filing Date: 2025-01-31
Form Type: CORRESP
Source: 0001829126-25-000617
Chunk: 4

Company: Quartzsea Acquisition Corp
Filing Date: 2025-01-31
Form: CORRESP
Chunk 4
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. If true, disclose that the agreements are intended to ensure a return on investment to the investor in return for funds facilitating the sponsor’s completion of the business combination or providing sufficient liquidity. |

Response: We acknowledge the Staff’s comment and advise the Staff that the disclosure on the page 71 has been revised to address the Staff’s comment.

| 15. | We note your risk factor disclosure beginning on page 72 addressing the extent to which you could be deemed to be an investment company and the mitigation measures you may implement. We also note your statement that by restricting the investment of the proceeds to government securities you intend to avoid being deemed an “investment company.” Please revise to include disclosure that notwithstanding your investment activities or these mitigation measures you could still be deemed to be or have been an investment company at any time since your inception. In addition, please confirm that if your facts and circumstances change over time, you will update your disclosure to reflect how those changes impact the risk that you may be considered to be operating as an unregistered investment company. |

Response: We acknowledge the Staff’s comment and advise the Staff that the disclosure on the page 79 has been revised to address the Staff’s comment.

| 16. | Please expand your narrative disclosure to describe each material potential source of future dilution following your registered offering, including sources not included in the table with respect to the determination of net tangible book value per share, as adjusted. Refer to Item 1602(c) of Regulation S-K. |

Response: We acknowledge the Staff’s comment and advise the Staff that the disclosure on the page 97 has been revised to address the Staff’s comment.

| 17. | We note your statement that Ms. Gong will qualify as an “independent director” under Nasdaq and SEC rules. However, we note that Ms. Gong is the sole executive officer and controls the company through the Sponsor. Given the definition you provide for “independent director” in this section, it is unclear how Ms. Gong qualifies. In addition, the other two identified independent directors do not appear to be the directors (or nominees) identified in the management section. Please revise. |

Response: We acknowledge the Staff’s comment and advise the Staff that the disclosure on the page 118 has been revised to address the Staff’s comment.

| 18. | For each prior SPAC, please disclose whether an entity was able to complete the business combination within the original completion window or whether there have been any extensions of time to complete the transaction or if they have