Company: QSEA
Filing Date: 2025-02-03
Form Type: DRS/A
Source: 0001829126-25-000616
Chunk: 189

Company: Quartzsea Acquisition Corp
Filing Date: 2025-02-03
Form: DRS/A
Chunk 189
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 vote. In either case, our public shareholders may redeem their public shares for cash equal to the aggregate amount then on deposit in the trust account as of two business days prior to the consummation of our initial business combination (which is initially anticipated to be $10.00 per public share issued in this offering, although could be less), including interest earned on the funds held in the trust account and not previously released to us pursuant to permitted withdrawals (net of taxes payable), divided by the number of then outstanding public shares issued in this offering. |     | If we seek shareholder approval of our initial business combination, our Sponsor, directors, officers, advisors, or their affiliates may purchase public shares in privately negotiated transactions or in the open market prior to or following completion of our initial business combination. There is no limit to the prices that our Sponsor, directors, officers, advisors or their affiliates may pay in these transactions. |     | If we are unable to complete our business combination within 12 months from the consummation of this offering, we will redeem all public shares issued in this offering at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the trust account (which is initially anticipated to be $10.00 per public share, although could be less), including interest earned on the funds held in the trust account and not previously released to us pursuant to permitted withdrawals (net of taxes payable), divided by the number of then outstanding public shares issued in this offering. |
| Impact to remaining shareholders |     | The redemptions in connection with our initial business combination will reduce the book value per public share for our remaining shareholders, who will bear the burden of working capital and taxes payable released to us.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |     | If the permitted purchases described above are made there would be no impact to our remaining shareholders because the purchase price would not be paid by us.                                                                                                                                                                                                                                                                      |     | The redemption of the public shares issued in this offering if we fail to complete our business combination will reduce the book value per public share for the shares held by our Sponsor, who will be our only remaining shareholders after such redemptions.                                                                                                                                                                                                                                                                                                                                                         |

<div align='center'>115</div>

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

Directors and Executive Officers

Our current executive officer, director and director nominees are as follows:

| Name              |     | Age |     | Position                                                                   |
| Qi Gong           |     |  62 |     | Chairwoman, Chief Executive