Company: QSEA
Filing Date: 2025-03-11
Form Type: S-1/A
Source: 0001829126-25-001676
Chunk: 103

Company: Quartzsea Acquisition Corp
Filing Date: 2025-03-11
Form: S-1/A
Chunk 103
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 our Post-offering Memorandum and Articles of Association and the trust agreement to facilitate the completion of our initial business combination that some of our shareholders may not support.

Our Post-offering Memorandum and Articles
of Association provides that any of its provisions related to pre-initial business combination activity (including the requirement to
deposit proceeds of this offering and certain proceeds of other financing activity and not release such amounts except in specified circumstances,
to provide redemption rights to public shareholders as described herein and including to permit us to withdraw funds from the trust account
such that the per-share amount investors will receive upon any redemption or liquidation is substantially reduced or eliminated) may
be amended by the affirmative vote of a two-third majority of our shareholders entitled to vote thereon and unless the holders of the
public shares are provided with the opportunity to redeem their public shares upon the approval of any such amendment in the manner set
out in the Post-offering Memorandum and Articles of Association. In all other instances, our Post-offering Memorandum and Articles of
Association may be amended by holders of at least two-third majority of the voting power of our outstanding ordinary shares entitled
to vote thereon, subject to applicable provisions of the Cayman Islands law or applicable stock exchange rules.

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The Sponsor will hold, in the aggregate, approximately
35% of the voting power of our ordinary shares issued and outstanding immediately following the IPO (excluding the private shares), will
participate in any vote to amend our Post-offering Memorandum and Articles of Association and/or trust agreement, and will have the discretion
to vote as it deems.

As a result, we may be able to amend the provisions
of our Post-offering Memorandum and Articles of Association which govern our pre-initial-business-combination behavior more easily than
some other blank check companies, and this may increase our ability to complete an initial business combination with which you do not
agree. Our shareholders may pursue remedies against us for any breach of our Post-offering Memorandum and Articles of Association.

The excise tax included in the Inflation Reduction Act of 2022 may decrease the value of our securities following our initial business combination, hinder our ability to consummate an initial business combination, and decrease the amount of funds available for distribution in connection with a liquidation .

The Inflation Reduction Act of 2022 provides for, among other things, a new 1% U.S. federal excise tax on certain repurchases (including redemptions)