Company: QSEA
Filing Date: 2025-03-12
Form Type: S-1/A
Source: 0001829126-25-001750
Chunk: 3

Company: Quartzsea Acquisition Corp
Filing Date: 2025-03-12
Form: S-1/A
Chunk 3
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% of the shares sold in this offering without our prior consent. See “Summary— The Offering— Limitation on redemption rights of shareholders holding more than 15% of the shares sold in this offering if we hold shareholder vote” for further discussion on certain limitations on redemption rights.

We have 15 months from the closing of this
offering to consummate our initial business combination. If we anticipate that we may be unable to consummate our initial business combination
within such period, we may seek shareholder approval to amend our Post-offering Memorandum and Articles of Association to extend the
date by which we must consummate our initial business combination. If we seek shareholder approval for an extension, our public shareholders
will be offered an opportunity to redeem their shares at a per share price, payable in cash, equal to the aggregate amount then on deposit
in the trust account, including interest (net of taxes payable), divided by the number of then outstanding public shares, subject to
applicable laws. If we are unable to complete our initial business combination within the 15-month period or such period that may be
extended we will distribute the aggregate amount then on deposit in the trust account, including interest (net of taxes payable), pro
rata to our public shareholders, by way of the redemption of their shares and thereafter cease all operations except for the purposes
of winding up of our affairs, as further described herein.

Blue Jay Investment LLC, which we refer to
throughout this prospectus as our “Sponsor,” has agreed that they and/or their designees will purchase from us an aggregate
of 218,250 units, or “private units” at a price of $10.00 per unit. Our Sponsor has also agreed that if the over-allotment
option is exercised by the underwriters in full or in part, they and/or their designees will purchase from us up to an additional 6,750
private units on a pro rata basis at a price of $10.00 per unit in an amount that is necessary to maintain in the trust account $10.00
per unit sold to the public in this offering. These purchases will take place on a private placement basis simultaneously with the consummation
of this offering. Each private unit shall consist of one ordinary share and one right to receive one-fifth of one ordinary share upon
the consummation of the initial business combination. Our Sponsor has agreed not to transfer, assign or sell any of the private units
or underlying securities (with