Company: QSEA
Filing Date: 2025-03-12
Form Type: S-1/A
Source: 0001829126-25-001750
Chunk: 201

Company: Quartzsea Acquisition Corp
Filing Date: 2025-03-12
Form: S-1/A
Chunk 201
---
), a share dividend or surrender by the Sponsor would be effectuated
in order to maintain our Sponsor’s ownership at 35% of the number of shares issued and outstanding after the consummation of this
offering (excluding the private shares and any units purchased by it in this offering).

Holders of our ordinary shares are entitled to one
vote for each share held on all matters to be voted on by shareholders, except as required by law.

<div align='center'>130</div>

Approval of certain actions, including, without
limitation, amending our Post-offering Memorandum and Articles of Association and approving a statutory merger or consolidation with
another company, will require a special resolution under Cayman Islands law and pursuant to our Post-offering Memorandum and Articles
of Association.

In connection with any vote held to approve our
initial business combination, our Sponsor, as well as all of our officers and directors have agreed to vote their respective ordinary
shares owned by them as a result of the purchase of the founder shares and the private units immediately prior to this offering and any
shares purchased in this offering or following this offering (other than public shares purchased outside of a redemption offer which
may not be voted in favor of approving the business combination transaction in accordance with the requirements of Rule 14e-5 under the
Exchange Act and any SEC interpretations or guidance relating thereto) in the open market in favor of the proposed business combination,
if permitted by law or regulation. As a result, if we sought shareholder approval of a proposed transaction assuming only the minimum
number of shares representing a quorum is present and voted at such meeting held to vote on our initial business combination, no
public shares sold in this offering are needed to be voted in favor of a transaction, or assuming all issued and outstanding shares are
present and voted, we could need as little as 1,840,876 of our public shares (or approximately 30.68% of our public shares) to be voted
in favor of the transaction in order to have such transaction approved (assuming the over-allotment option is not exercised, that the
Sponsor does not purchase any units in this offering or units or shares in the after-market). This percentage would decrease if only
the minimum number of shares are voted so that we have a quorum present at such meeting.

Because our Post-offering Memorandum and Articles
of Association will authorize the issuance of up to 500,000,000 ordinary shares of par value $0.