Company: QSEA
Filing Date: 2025-02-03
Form Type: DRS/A
Source: 0001829126-25-000616
Chunk: 253

Company: Quartzsea Acquisition Corp
Filing Date: 2025-02-03
Form: DRS/A
Chunk 253
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 Unit |       |     | Without        
 Over-allotment |            |     | With           
 Over-allotment |            |
|:-------------------------|:----|:---------|------:|:----|:---------------|-----------:|:----|:---------------|-----------:|
| Discount(1)              |     | $        | 0.075 |     | $              |    450,000 |     | $              |    517,500 |
| Proceeds before expenses |     | $        | 9.925 |     | $              | 59,550,000 |     | $              | 68,482,500 |

| (1) | In addition, the underwriters will be entitled to a deferred fee of 4.0% of the gross proceeds of the Proposed Public Offering, or $2,400,000 (or $2,760,000 if the over-allotment option is exercised in full), which will be paid upon the closing of a Business Combination solely from amounts remaining in the Trust Account following all properly submitted shareholder redemption in connection with the consummation of the initial Business Combination and such deferred fee shall be capped at such amount so remaining in the Trust Account. |

We estimate that the total expenses of the offering payable by us, not including the underwriting discount, will be approximately $1.7 million. We have agreed to pay for (i) fees and disbursements of the representative’s counsel (not to exceed $20,000) incurred in registering the offering with FINRA and (ii) an investigative search firm of the representative’s choice to conduct investigations of our principals.

No discounts or commissions will be paid on the sale of the private units.

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Right of First Refusal

We have granted SAP a right of first refusal for a period commencing from the consummation of this offering until the earlier of (i) 10 months after the consummation of our initial business combination (or the liquidation of the trust account in the event that we fail to consummate our initial business combination within the prescribed time period) or (ii) 36 months after the consummation of this offering in accordance with FINRA Rule 5110(g)(6)(A) to act as lead financial advisor, capital markets advisor, underwriter and/or private placement agent in connection with any initial business combination or in connection with any financing that occurs between the closing of the IPO and the date that is