Company: QSEA
Filing Date: 2025-03-11
Form Type: S-1/A
Source: 0001829126-25-001676
Chunk: 175

Company: Quartzsea Acquisition Corp
Filing Date: 2025-03-11
Form: S-1/A
Chunk 175
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 the trust account, including interest earned on the funds held in the trust
account and not previously released to us to pay our taxes (less up to $50,000 of interest to pay liquidation and dissolution expenses),
divided by the number of then outstanding public shares, in connection with any such vote. Our insiders have agreed to waive any conversion
rights with respect to any founder shares, private shares and any public shares they may hold in connection with any vote to amend our
Post-offering Memorandum and Articles of Association. Specifically, our Post-offering Memorandum and Articles of Association provides,
among other things, that:

| ● | prior to the consummation of our initial business                                                                                      
 combination, we shall either (1) seek shareholder approval of our initial business combination at a meeting called for such purpose    
 at which public shareholders may seek to convert their public share, regardless of whether they vote for or against, or abstain from   
 voting on, the proposed business combination, into a portion of the aggregate amount then on deposit in the trust account, net of      
 taxes payable, or (2) provide our shareholders with the opportunity to sell their shares to us by means of a tender offer (and thereby 
 avoid the need for a shareholder vote) for an amount equal to their pro rata share of the aggregate amount then on deposit in the      
 trust account, net of taxes payable, in each case subject to the limitations described herein;                                         |

| ● | we will consummate our initial business combination                                                                               
 only if a majority of the outstanding ordinary shares voted are voted in favor of the business combination so long as the minimum 
 number of shareholders required for a quorum attend the meeting (whether in person or by proxy);                                  |

| ● | if our initial business combination is not consummated within 15                                                                 
 months from the consummation of this offering, then our existence will terminate and we will distribute all amounts in the trust 
 account to all of our public holders of public shares;                                                                           |

| ● | upon the consummation of this offering, $60,000,000, or $10.00 per                                                         
 publicly offered unit ($69,000,000, if the underwriter’s over-allotment option is exercised in full), shall be placed into 
 the trust account;                                                                                                         |

| ● | we may not consummate any other business combination, merger, shares                                                              
 exchange, asset acquisition, stock purchase, reorganization or similar transaction prior to our initial business combination; and