Company: QSEA
Filing Date: 2025-02-24
Form Type: S-1
Source: 0001829126-25-001168
Chunk: 153

Company: Quartzsea Acquisition Corp
Filing Date: 2025-02-24
Form: S-1
Chunk 153
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 does not take into account the ordinary
shares reserved for issuance upon exercise of any outstanding rights. We may issue a substantial number of additional ordinary shares
to complete our initial business combination (including pursuant to a specified future issuance) or under an employee incentive plan
after completion of our initial business combination (although our 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 pre-initial business combination activity, on
any amendment to certain provisions of our Memorandum and Articles of Association or on 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 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 Memorandum and Articles of Association, like all provisions of our 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 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 18 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