Company: QSEA
Filing Date: 2025-02-03
Form Type: DRS/A
Source: 0001829126-25-000616
Chunk: 33

Company: Quartzsea Acquisition Corp
Filing Date: 2025-02-03
Form: DRS/A
Chunk 33
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 not exercised in full or in part, so that the founder shares will represent 20% of our issued and outstanding shares after this offering (excluding the private shares).

Sponsor Information

Our Sponsor is a Delaware limited liability company, which was formed to invest in us. Although our Sponsor is permitted to undertake any activities permitted under the Delaware Limited Liability Company Act and other applicable law, our Sponsor’s business is focused on investing in us. Qi Gong our Chairwoman, Chief Executive Officer, Chief Financial Officer, and Director owns 100% of the interest of our Sponsor.

The following table sets forth the payments to be received by our Sponsor and its affiliates from us prior to or in connection with the completion of our initial business combination and the securities issued and to be issued by us to our Sponsor or its affiliates:

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| Amount of Compensation to be                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
 Received or Securities Issued or to be Issued                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |     |                                                                                                                                                                                                      Consideration Paid or to be Paid |
| 1,725,000 ordinary shares(1)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |     |                                                                                                                                                                                                                               $25,000 |
| 215,000 private units to be purchase simultaneously with the closing of this offering (or up to 221,750 private units if the underwriters’ over-allotment option is exercised in full)                                                                                                                                                                                                                                                                                                                                                                   |     |                                                                                                                                      $2,150,000 (or up to $2,217,500 if the underwriters’ over-allotment option is exercised in full) |
| Up to $500,000                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |     |                                                                                                                                                                          Loan of the same amount to pay for expenses of this offering |
| $20,000 per month                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |     | Office space and administrative services with the consideration payable at the completion of service. Payments will cease upon the earlier of the consummation of the initial business combination or the liquidation of the Company. |
| Repayment of working capital loans which may be made by our Sponsor, officers, directors or their affiliates to finance transaction costs in connection with an initial business combination (1) through a portion of the funds not held in the trust account, and only to the extent available, if the initial business combination does not close, or (2) upon consummation of our initial business combination, without interest, or, at the holder’s discretion, up to $1,500,000 may be converted into private units at a