Company: QSEA
Filing Date: 2025-03-11
Form Type: S-1/A
Source: 0001829126-25-001676
Chunk: 197

Company: Quartzsea Acquisition Corp
Filing Date: 2025-03-11
Form: S-1/A
Chunk 197
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 order to effect the consummation of our initial business combination (regardless of the type of transaction that it is), although
out-of-pocket expenses, loans made to the company, and other costs incurred in connection with the pursuit, initiation, and final consummation
of the initial business combination may be repaid in connection therewith.

<div align='center'>127</div>

<div align='center'>Description of Securities</div>

We are an exempted company with limited liability
incorporated under the laws of the Cayman Islands, and our affairs are governed by our Post-offering Memorandum and Articles of Association
(as amended from time to time), the Companies Act and common law of the Cayman Islands.

General

Our authorized share capital is $50,000 divided
into 500,000,000 ordinary shares of $0.0001 par value each. The following description summarizes the material terms of our ordinary shares
as set out more particularly in our Post-offering Memorandum and Articles of Association to be adopted with effect from the effective
date of the registration statement of which this prospectus forms a part. Because it is only a summary, it may not contain all the information
that is important to you.

Units

Each unit has an offering price of $10.00
and consists of one ordinary share and one right to receive one-fifth of one ordinary share commencing upon the consummation of the initial
business combination, as described in more detail in this prospectus.

We expect that the securities comprising the
public units will commence trading separately on the 52nd day following the consummation of this offering unless SAP informs us of its
decision to allow earlier separate trading, subject to our having filed the Current Report on Form 8-K described below and having issued
a press release announcing when such separate trading will begin. Once the public shares and public rights commence separate trading,
holders will have the option to continue to hold public units or separate their public units into the component securities. Holders will
need to have their brokers contact our transfer agent in order to separate the units into ordinary shares and rights.

In no event will the public shares and public
rights be traded separately until we have filed with the SEC a Current Report on Form 8-K that includes an audited balance sheet reflecting
our receipt of the gross proceeds at the consummation of this offering. We will file a Current Report on Form 8-K that includes this
audited balance sheet upon the completion of