Company: QSEA
Filing Date: 2025-03-12
Form Type: S-1/A
Source: 0001829126-25-001750
Chunk: 207

Company: Quartzsea Acquisition Corp
Filing Date: 2025-03-12
Form: S-1/A
Chunk 207
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 within 15 months                                                                                            
 from the consummation of this offering or (y) with respect to any other provision relating                                                                                              
 to shareholders’ rights or pre-initial business combination activity and (C) to waive                                                                                                   
 their rights to liquidating distributions from the trust account with respect to any founder                                                                                            
 shares held by them if we fail to complete our initial business combination within 15 months                                                                                            
 from the consummation of this offering, although they will be entitled to liquidating distributions                                                                                     
 from the trust account with respect to any public shares they hold if we fail to complete                                                                                               
 our initial business combination within such time period; and                                                                                                                           |
| (iii) | if we submit our initial business                                                                                                                                                       
 combination to our public shareholders for a vote, our initial shareholders and each member of our management team have agreed to                                                       
 vote their founder shares and any public shares (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) purchased during or after this offering in the open market in favor of our initial                                                                                             
 business combination, if permitted by law or regulation. In addition, the founder shares may be registered pursuant to the registration                                                 
 rights agreement.                                                                                                                                                                       |

The founder shares are subject to transfer restrictions
pursuant to lock-up provisions in a letter agreement with us to be entered into by our Sponsor, officers and directors. Those lock-up
provisions provide that all the founder shares are not transferable, except to permitted transferees, for a time period ending on the
date that is the earlier of (A) 180 days following the consummation of our initial business combination or (B) the date on which we complete
a liquidation, merger, stock exchange or other similar transaction after our initial business combination that results in all of our
public stockholders having the right to exchange their public shares for cash, securities or other property.

Private Units

The purchasers of the private units have agreed not
to transfer any ownership interest in, except to permitted transferees, their private units until 30 days following the completion of
the initial business combination. The holders of the private units have also been granted certain registration rights as described elsewhere
in this prospectus. Otherwise, the private units have terms and provisions that are identical to the units sold in this offering.

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