Company: QSEA
Filing Date: 2025-02-24
Form Type: S-1
Source: 0001829126-25-001168
Chunk: 63

Company: Quartzsea Acquisition Corp
Filing Date: 2025-02-24
Form: S-1
Chunk 63
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, and results of operations. Any adverse determination in litigation could also subject us to significant liabilities.

The requirement to complete an initial business combination within a prescribed timeframe may disadvantage us in negotiating with a potential target, especially as the deadline nears, at which point we would cease all operations and liquidate.

The prescribed timeframe of 18 months from
the consummation of this offering to complete an initial business combination may limit our ability to thoroughly complete due diligence,
which might hinder our ability to negotiate superior terms for our shareholders. Furthermore, any potential target will be informed of
our schedule and may use this information as leverage against us, for example, as the end-of-term approaches, such target business may
obtain leverage over us in negotiating an initial business combination, knowing that if we do not complete our initial business combination
with them, the consequences would be a dissolution.

Our use of funds prior to the completion of the initial business combination may be limited.

We will have available to us an aggregate of $1,020,000 held outside of our trust account to fund our operating expenses until the consummation of our initial business combination. The expenditures necessary from the time of this offering until we are able to affect our initial business combination might surpass this allocation in which case we would need to secure additional funds or would be forced to terminate our search and liquidate. Our officers, directors, and insiders would not be obligated to lend us money in such a scenario.

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We may not be able to complete our initial business combination within the prescribed time frame, in which case we would cease all operations except for the purpose of winding up and we would redeem our public shares and liquidate. As a result, our public shareholders may only receive $10.05 per public share, or less than such amount in certain circumstances, and our rights will expire worthless.

We have 18 months from the consummation of
this offering to consummate our initial business combination. We may not be able to find a suitable target business and complete our
initial business combination within such time period. Our ability to complete our initial business combination may be negatively impacted
by general market conditions, volatility in the capital and debt markets, and the other risks described herein. If we have not completed
our initial business combination within such 18 month period, we will: (i) cease all operations except for the purpose of winding up,
(ii) as promptly as reasonably possible but not more than ten business days thereafter, subject to law