Company: QSEA
Filing Date: 2025-03-11
Form Type: S-1/A
Source: 0001829126-25-001676
Chunk: 130

Company: Quartzsea Acquisition Corp
Filing Date: 2025-03-11
Form: S-1/A
Chunk 130
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 to the implied value of your public shares upon the consummation of our initial business combination.

We are offering our units at an offering price
of $10.00 per unit and the amount in our trust account is initially anticipated to be $10.00 per public share. However, prior to this
offering, our Sponsor paid a nominal aggregate purchase price of $25,000 for the founder shares, or approximately $0.0104 per share.
As a result, the value of your public shares may be significantly diluted upon the consummation of our initial business combination,
when the founder shares are converted into public shares. For example, the following table shows the dilutive effect of the founder shares
on the implied value of the public shares upon the consummation of our initial business combination, assuming that our equity value at
that time is $57,600,000 which is the amount we would have for our initial business combination in the trust account, assuming the underwriter’s
over-allotment option is not exercised, no interest is earned on the funds held in the trust account, and no public shares are redeemed
in connection with our initial business combination, and without taking into account any other potential impacts on our valuation at
such time, such as the trading price of our public shares, the business combination transaction costs, any equity issued or cash paid
to the target’s sellers or other third parties, or the target’s business itself, including its assets, liabilities, management
and prospects, as well as the value of our public and private rights. At such valuation, each of our ordinary shares would have an implied
value of $6.92 per share upon consummation of our initial business combination, which would be an approximate 30.8% decrease as compared
to the initial implied value per public share of $10.00.

| Public shares                             |     |   |  6,000,000 |
| Private shares                            |     |   |    218,250 |
| Founder shares                            |     |   |  2,100,000 |
| Total shares                              |     |   |  8,318,250 |
| Total funds in trust available            
 for initial business combination          |     | $ | 57,600,000 |
| Initial implied value per public          
 share                                     |     | $ |      10.00 |
| Implied value per share upon consummation 
 of initial business combination           |     | $ |