Company: QSEA
Filing Date: 2025-03-11
Form Type: S-1/A
Source: 0001829126-25-001676
Chunk: 119

Company: Quartzsea Acquisition Corp
Filing Date: 2025-03-11
Form: S-1/A
Chunk 119
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 management team will allocate their time to other businesses thereby causing conflicts of interest in their determination as to how much time to devote to our affairs. This conflict of interest could have a negative impact on our ability to complete our initial business combination.

The members of our management team are not
required to, and will not, commit their full time to our affairs, which may result in a conflict of interest in allocating their
time between our operations and our search for our initial business combination and their other businesses. Specifically, our Chief
Executive Officer is also the director of Yotta and Quetta, although Yotta and Quetta have each executed a definitive merger
agreement with a target company in connection with their respective initial business combinations. Our director nominee, Daniel M.
McCabe, is also the director of Yotta, Quetta and Black Hawk. Yotta and Quetta have each executed a definitive merger agreement with
a target company in connection with their respective initial business combinations. Black Hawk is still searching for a target. We
do not intend to have any full-time employees prior to the completion of our initial business combination. The members of our
management team may be engaged in other business endeavors for which they may be entitled to substantial compensation, and our
officers are not obligated to contribute any specific number of hours per week to our affairs. Our directors may also serve as
officers or board members for other entities. If a person’s other business affairs require them to devote substantial amounts
of time to such affairs in excess of their current commitment levels, it could limit their ability to devote time to our affairs
which may have a negative impact on our ability to complete our initial business combination. For further discussion of our
officers’ and directors’ other business affairs, please see the section of this prospectus entitled “Management
— Directors and Executive Officers.”

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Members of our management team and directors may have affiliations with entities engaged in business activities similar to those intended to be conducted by us and accordingly, may have conflicts of interest.

Members of our management team and directors
may have affiliations with companies, including companies that are engaged in business activities similar to those intended to be conducted
by us. Accordingly, they may participate in transactions and have obligations that may be in conflict or competition with our consummation
of our initial business combination. As a result, a potential target business may be presented by our management team to another entity
prior to its presentation to us and we may not