Company: QSEA
Filing Date: 2025-03-11
Form Type: S-1/A
Source: 0001829126-25-001676
Chunk: 120

Company: Quartzsea Acquisition Corp
Filing Date: 2025-03-11
Form: S-1/A
Chunk 120
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 be afforded the opportunity to engage in a transaction with such target business. More
specifically, our Chief Executive Officer has fiduciary and contractual duties to Yotta and Quetta, although Yotta and Quetta have each
executed a definitive merger agreement with a target company in connection with their respective initial business combinations. Our director
nominee, Daniel M. McCabe, has fiduciary duties to Yotta, Quetta and Black Hawk. Yotta and Quetta have each executed a definitive merger agreement with a target company in connection with their respective initial business
combinations. Black Hawk is still searching for a target. These conflicts of interests may limit the number of
potential targets that our management presents to us for purposes of completing a business combination. For a more detailed description
of the potential conflicts of interest of our management, see the section titled “Management — Conflicts of Interest.”

Certain of our officers and directors may in the future become, affiliated with entities engaged in business activities similar to those intended to be conducted by us and, accordingly, may have conflicts of interest in allocating their time and determining to which entity a particular business opportunity should be presented.

Following the completion of this offering and until we consummate our initial business combination, we intend to engage in the business of identifying and combining with one or more businesses or entities. Our Sponsor, directors, and officers may in the future become, affiliated with entities that are engaged in a similar business.

In addition, the Sponsor may sponsor or form other public blank check companies similar to ours, or sponsor or form any private equity fund targeting private company acquisitions, during the period in which we are seeking our initial business combination, including but not limited to, investment vehicles that may invest side-by-side with our company.

Though we do not believe that the insider’s activities present significant conflicts of interest with respect to our pursuit of an acquisition target, because we intend that our acquisition target will be a privately owned company, certain conflicts described herein may still arise.

Our officers and directors currently have, and any of them in the future may have, additional, fiduciary or contractual obligations to another entity pursuant to which such officer or director is or will be required to present a business combination opportunity to such entity, including, without limitation, funds managed or advised by our Sponsor or its affiliates, subject to their fiduciary duties. If any of our directors or officers becomes aware of a business combination opportunity that falls within the line of business of any entity to which he has pre-existing fiduciary or contractual