Company: QSEA
Filing Date: 2025-03-11
Form Type: S-1/A
Source: 0001829126-25-001676
Chunk: 153

Company: Quartzsea Acquisition Corp
Filing Date: 2025-03-11
Form: S-1/A
Chunk 153
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after completion of our initial business combination (although our Post-offering Memorandum and Articles of Association will provide
that we may not issue securities that can vote with holders of ordinary shares on matters related to our initial business combination).
For more information on the risks in connection with dilution if we issue additional ordinary shares to complete our initial business
combination or under an employee incentive plan, see “Risk Factors— We may issue additional ordinary shares to complete our initial business combination or under an employee incentive plan after completion of our initial business combination. Any such issuances would dilute the interest of our shareholders and likely present other risks.”

Our Post-offering Memorandum and Articles
of Association will provide, among other things, that prior to our initial business combination, we may not issue additional ordinary
shares that would entitle the holders thereof to (i) receive funds from the trust account or (ii) vote on any initial business combination.
These provisions of our Post-offering Memorandum and Articles of Association, like all provisions of our Post-offering Memorandum and
Articles of Association, may be amended with the approval of our shareholders. However, our officers, directors, and, if applicable,
director nominees have agreed, pursuant to a written agreement with us, that they will not propose any amendment to our Post-offering
Memorandum and Articles of Association (A) to modify the substance or timing of our obligation to allow redemption in connection with
our initial business combination or to redeem 100% of our public shares if we do not complete our initial business combination within
15 months from the consummation of this offering or (B) with respect to any other provision relating to shareholders’ rights or
pre-initial business combination activity, unless we provide our public shareholders with the opportunity to redeem their ordinary shares
upon approval of any such amendment at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the trust
account, including interest (which interest shall be net of taxes payable), divided by the number of then outstanding public shares.
The issuance of additional ordinary share:

| ● | may significantly dilute the equity interest of investors in this offering; |

| ● | could cause a change of control if a substantial number of ordinary shares are issued, which may affect, among other things, our ability to use our net operating loss carry forwards, if any, and could result in the resignation or removal of our present officers, directors, and director nominees; and |

| ● | may adversely affect prevailing market prices