Company: QSEA
Filing Date: 2025-03-11
Form Type: S-1/A
Source: 0001829126-25-001676
Chunk: 107

Company: Quartzsea Acquisition Corp
Filing Date: 2025-03-11
Form: S-1/A
Chunk 107
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 a shareholder
vote, potentially in a manner that you do not support, including amendments to our Post-offering Memorandum and Articles of Association
and approval of major corporate transactions. If our Sponsor purchases any public units in this offering or any additional public shares
in the aftermarket or in privately negotiated transactions, this would increase its influence over these actions. In addition, upon our
Post-offering Memorandum and Articles of Association taking effect, our board of directors, whose members were elected by our Sponsor,
will be divided into three classes, each of which will generally serve for a term of three years with only one class of directors being
elected in each subsequent year thereafter. We may not hold an annual meeting of shareholders to elect new directors prior to the completion
of our initial business combination, in which case all of the current directors will continue in office until at least the completion
of the initial business combination. If there is an annual meeting, as a consequence of our “staggered” board of directors,
only a portion of the board of directors will be considered for election. Accordingly, our Sponsor will exert significant influence over
actions requiring a shareholder vote. Please see “Proposed Business — Effecting Our Initial Business Combination.”

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Resources could be wasted in researching business combinations that are not completed, which could materially adversely affect subsequent attempts to locate and acquire or merge with another business. If we are unable to complete our initial business combination, our public shareholders may receive only approximately $10.00 per public share or less upon the liquidation of our trust account.

We anticipate that the investigation of each
specific target business and the negotiation, drafting and execution of relevant agreements, disclosure documents and other instruments
will require substantial management time and attention and substantial costs for accountants, attorneys and others. If we decide not
to complete a specific initial business combination, the costs incurred up to that point for the proposed transaction likely would not
be recoverable. Furthermore, if we reach an agreement relating to a specific target business, we may fail to complete our initial business
combination for any number of reasons including those beyond our control. Any such event will result in a loss to us of the related costs
incurred which could materially adversely affect subsequent attempts to locate and acquire or merge with another business. If we are
unable to complete our initial business combination, our public shareholders may receive only approximately $10.00 per public share on
the liquidation of our trust account.

Our key personnel may negotiate