Company: QSEA
Filing Date: 2025-03-12
Form Type: S-1/A
Source: 0001829126-25-001750
Chunk: 156

Company: Quartzsea Acquisition Corp
Filing Date: 2025-03-12
Form: S-1/A
Chunk 156
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 (ii) vote on any initial business combination.
These provisions of our Post-offering Memorandum and Articles of Association, like all provisions of our Post-offering Memorandum and
Articles of Association, may be amended with the approval of our shareholders. However, our officers, directors, and, if applicable,
director nominees have agreed, pursuant to a written agreement with us, that they will not propose any amendment to our Post-offering
Memorandum and Articles of Association (A) to modify the substance or timing of our obligation to allow redemption in connection with
our initial business combination or to redeem 100% of our public shares if we do not complete our initial business combination within
15 months from the consummation of this offering or (B) with respect to any other provision relating to shareholders’ rights or
pre-initial business combination activity, unless we provide our public shareholders with the opportunity to redeem their ordinary shares
upon approval of any such amendment at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the trust
account, including interest (which interest shall be net of taxes payable), divided by the number of then outstanding public shares.
The issuance of additional ordinary share:

| ● | may significantly dilute the equity interest of investors in this offering; |

| ● | could cause a change of control if a substantial number of ordinary shares are issued, which may affect, among other things, our ability to use our net operating loss carry forwards, if any, and could result in the resignation or removal of our present officers, directors, and director nominees; and |

| ● | may adversely affect prevailing market prices for our units, ordinary shares and/or rights. |

To understand the tabular disclosure of net tangible book value per share, as adjusted, we applied a step-by-step approach incorporating the following assumptions and methodologies. The initial net tangible book value per share is calculated by dividing the net tangible assets (total assets less intangible assets and liabilities) by the total number of outstanding shares of ordinary shares prior to the registered offering. Adjustments to this figure reflect the estimated gross proceeds of the offering, net of underwriting discounts, commissions, and estimated offering expenses.

We also account for the potential dilution arising from the issuance of additional shares upon the exercise of any outstanding rights and issuance of shares in connection with our business combination. The table does not include adjustments for potential future issuances of equity or equity-linked securities, which remain contingent on future events. The methods and assumptions used in the determination of