Company: QSEA
Filing Date: 2025-03-11
Form Type: S-1/A
Source: 0001829126-25-001676
Chunk: 102

Company: Quartzsea Acquisition Corp
Filing Date: 2025-03-11
Form: S-1/A
Chunk 102
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 their charters and other governing instruments. We cannot assure you that we will not seek to amend our Post-offering Memorandum and Articles of Association or other governing documents in a manner that will make it easier for us to complete our initial business combination but that might also be opposed by our shareholders.

In order to effectuate our initial business
combination, blank check companies have, in the recent past, amended various provisions of their charters and other governing instruments.
For example, blank check companies have amended the definition of business combination, increased redemption thresholds, and extended
the time to consummate their initial business combinations. Amending the provisions of our Post-offering Memorandum and Articles of Association
relating to certain pre-business combination activity will require the affirmative vote of the holders of at least two-thirds of the
voting power of our outstanding ordinary shares.

In addition, our Post-offering Memorandum
and Articles of Association requires us to provide our public shareholders with the opportunity to redeem their shares for cash if we
propose an amendment to our Post-offering Memorandum and Articles of Association (A) to modify the substance or timing of our obligation
to allow redemptions in connection with our initial business combination, (B) to modify the substance or timing of our obligation to
redeem 100% of the ordinary shares issued in this offering if we do not complete our initial business combination within 15 months from
the consummation of this offering or (C) with respect to any other provision relating to shareholders’ rights or pre-initial business
combination activity. To the extent any such amendments would be deemed to fundamentally change the nature of any securities offered
through this registration statement, we would register, or seek an exemption from registration for, the affected securities.

The provisions of our Post-offering Memorandum and Articles of Association that relate to our pre-business-combination-activity including an amendment to permit us to withdraw funds from the trust account such that the per-share amount investors receive upon any redemption or liquidation is substantially reduced or eliminated, may be amended with the affirmative vote of the holders of at least two-third majority of the voting power of our outstanding ordinary shares entitled to vote thereon, which is a lower amendment threshold than that of some other blank check companies. The corresponding provisions of the trust agreement governing the release of funds from our trust account may be amended with the approval of the holders of at least 65% of the ordinary shares sold in the IPO. It may be easier for us, therefore, to amend