Company: QSEA
Filing Date: 2025-03-12
Form Type: S-1/A
Source: 0001829126-25-001750
Chunk: 244

Company: Quartzsea Acquisition Corp
Filing Date: 2025-03-12
Form: S-1/A
Chunk 244
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 prospectus. The founder shares and private units (and underlying securities)
will be subject to registration rights as more fully described below under “— Registration Rights.”

Rule 144

Pursuant to Rule 144, a person who has beneficially
owned restricted ordinary shares or rights for at least six months would be entitled to sell their securities provided that (i) such
person is not deemed to have been one of our affiliates at the time of, or at any time during the three months preceding, a sale and
(ii) we are subject to the Exchange Act periodic reporting requirements for at least three months before the sale and have filed all
required reports under Section 13 or 15(d) of the Exchange Act during the 15 months (or such shorter period as we were required
to file reports) preceding the sale.

Persons who have beneficially owned restricted ordinary
shares or rights for at least six months but who are our affiliates at the time of, or at any time during the three months preceding,
a sale, would be subject to additional restrictions, by which such person would be entitled to sell within any three-month period only
a number of securities that does not exceed the greater of:

| ● | 1%                                                                                                                              
 of the total number of ordinary shares, then outstanding, which will equal 83,183 ordinary                                      
 shares immediately after this offering (or 95,400 ordinary shares if the underwriters exercise                                  
 their over-allotment option in full); or                                                                                        |
| ● | the average weekly reported trading                                                                                             
 volume of ordinary shares during the four calendar weeks preceding the filing of a notice on Form 144 with respect to the sale. |

Sales by our affiliates under Rule 144 are also
limited by manner of sale provisions and notice requirements and to the availability of current public information about us.

Restrictions on the Use of Rule 144 by Shell Companies or Former Shell Companies

Rule 144 is not available for the resale of
securities initially issued by shell companies (other than business combination related shell companies) or issuers that have been at
any time previously a shell company. However, Rule 144 also includes an important exception to this prohibition if the following
conditions are met:

| ● | the issuer of the securities that                              
 was formerly a shell company has ceased to be a shell company; |

| ● | the issuer of the securities is subject                                   
 to the reporting requirements of Section 13 or 15(d) of the Exchange Act; |

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