Company: QSEA
Filing Date: 2025-02-03
Form Type: DRS/A
Source: 0001829126-25-000616
Chunk: 232

Company: Quartzsea Acquisition Corp
Filing Date: 2025-02-03
Form: DRS/A
Chunk 232
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ions Act (As Revised). |

| 3. | These concessions shall be for a period of 20 years from the date hereof. |

United States Federal Income Taxation

General

This discussion is limited to certain U.S. federal income tax considerations to beneficial owners of our securities who are initial purchasers of a unit pursuant to this offering and hold the unit and each component of the unit as capital assets within the meaning of Section 1221(a) of the U.S. Internal Revenue Code of 1986, as amended (the “Code”) (generally, property held for investment). This discussion assumes that the ordinary shares and rights will trade separately and that any distributions made (or deemed made) by us on the ordinary shares and any consideration received (or deemed received) by a holder in consideration for the sale or other disposition of our securities will be in U.S. dollars. This discussion is a summary only and does not consider all aspects of U.S. federal income taxation that may be relevant to the acquisition, ownership and disposition of a unit by a prospective investor in light of its particular circumstances or that is subject to special rules under the U.S. federal income tax laws, including, but not limited to:

| ● | our Sponsor, officers, directors or other holders of our founder shares or private placement securities; |

| ● | banks and other financial institutions or financial services entities; |

| ● | broker-dealers; |

| ● | mutual funds; |

| ● | retirement plans, individual retirement accounts or other tax-deferred accounts; |

| ● | taxpayers that are subject to the mark-to-market tax accounting rules; |

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| ● | tax-exempt entities; |

| ● | S-corporations, partnerships or other flow-through entities and investors therein; |

| ● | governments or agencies or instrumentalities thereof; |

| ● | insurance companies; |

| ● | regulated investment companies; |

| ● | real estate investment trusts; |

| ● | passive foreign investment companies; |

| ● | controlled foreign corporations; |

| ● | qualified foreign pension funds; |

| ● | expatriates or former long-term residents of the United States; |

| ● | persons that actually or constructively own five percent or more of our voting shares; |

| ● | persons that acquired our securities pursuant to an exercise of employee share options, in connection with employee share incentive plans or otherwise as compensation or in connection with services; |

| ● | persons required for U.S