Company: QSEA
Filing Date: 2025-02-24
Form Type: S-1
Source: 0001829126-25-001168
Chunk: 199

Company: Quartzsea Acquisition Corp
Filing Date: 2025-02-24
Form: S-1
Chunk 199
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 offering, our issued share
capital (assuming no exercise of the underwriters’ over-allotment option and the corresponding forfeiture of 315,000 founder shares),
will consist of:

| ● | 6,000,000 public shares underlying the public units being sold in this 
 offering;                                                              |

| ● | 245,000 private shares; and |

| ● | 2,100,000 founder shares. |

If we increase or decrease the size of this offering
(including pursuant to Rule 462(b) under the Securities Act), a share dividend or surrender by the Sponsor would be effectuated
in order to maintain our Sponsor’s ownership at 20% of the number of shares issued and outstanding after the consummation of this
offering (excluding the private shares and any units purchased by it in this offering).

Holders of our ordinary shares are entitled to one
vote for each share held on all matters to be voted on by shareholders, except as required by law.

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Approval of certain actions, including, without limitation,
amending our Memorandum and Articles of Association and approving a statutory merger or consolidation with another company, will require
a special resolution under Cayman Islands law and pursuant to our Memorandum and Articles of Association.

In connection with any vote held to approve our initial business combination, our Sponsor, as well as all of our officers and directors have agreed to vote their respective ordinary shares owned by them as a result of the purchase of the founder shares and the private units immediately prior to this offering and any shares purchased in this offering or following this offering (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) in the open market in favor of the proposed business combination, if permitted by law or regulation. As a result, if we sought shareholder approval of a proposed transaction, we could need as little as 213,751 of our public shares (or approximately 3.56% of our public shares) to be voted in favor of the transaction in order to have such transaction approved (assuming the over-allotment option is not exercised, that the Sponsor does not purchase any units in this offering or units or shares in the after-market). This percentage would decrease if only the minimum number of shares are voted so that we have a quorum present at such meeting.

Because our