Company: QSEA
Filing Date: 2025-03-12
Form Type: S-1/A
Source: 0001829126-25-001750
Chunk: 268

Company: Quartzsea Acquisition Corp
Filing Date: 2025-03-12
Form: S-1/A
Chunk 268
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 of Organization and Business Operations (cont.)

If the Company seeks shareholder approval, a majority
of the shares voted are voted in favor of the Business Combination. If a shareholder vote is not required by law and the Company does
not decide to hold a shareholder vote for business or other legal reasons, the Company will, pursuant to its amended and restated memorandum
and articles of association, conduct the redemptions pursuant to the tender offer rules of the U.S. Securities and Exchange Commission
(“SEC”) and file tender offer documents with the SEC prior to completing a Business Combination. If, however, shareholder
approval of the transaction is required by law, or the Company decides to obtain shareholder approval for business or legal reasons,
the Company will offer to redeem shares in conjunction with a proxy solicitation pursuant to the proxy rules and not pursuant to the
tender offer rules. Additionally, each public shareholder may elect to redeem their Public Shares irrespective of whether they vote for
or against the proposed transaction. If the Company seeks shareholder approval in connection with a Business Combination, the Company’s
Sponsor and any of the Company’s officers or directors that may hold Founder Shares (as defined in Note 5) (the “Initial
Shareholders”) and the underwriters have agreed (a) to vote their Founder Shares, Private Shares (as defined in Note 4), and any Public Shares purchased during or after the Proposed Public Offering (other than Public Shares purchased outside of a redemption offer which may not be voted in favor of approving the business combination
transaction in accordance with the requirements of Rule 14e-5 under the Exchange Act and any SEC interpretations or guidance relating
thereto) in favor
of approving a Business Combination and (b) not to convert any shares (including the Founder Shares) in connection with a shareholder
vote to approve, or sell the shares to the Company in any tender offer in connection with, a proposed Business Combination.

Notwithstanding the foregoing, if the Company seeks
shareholder approval of a Business Combination and it does not conduct redemptions pursuant to the tender offer rules, the amended and
restated memorandum and articles of association provides 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
Securities Exchange Act of 1934, as amended (the “Exchange Act”)), will be restricted from redeeming its shares with respect
to more than an aggregate of