Company: QSEA
Filing Date: 2025-03-11
Form Type: S-1/A
Source: 0001829126-25-001676
Chunk: 240

Company: Quartzsea Acquisition Corp
Filing Date: 2025-03-11
Form: S-1/A
Chunk 240
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 to ownership by U.S.
persons of interests in or accounts with those entities) have been satisfied or an exemption applies (typically certified as to by the
delivery of a properly completed IRS Form W-8BEN-E). If FATCA withholding is imposed, a beneficial owner that is not a foreign financial
institution will be entitled to a refund of any amounts withheld by filing a U.S. federal income tax return (which may entail significant
administrative burden). Foreign financial institutions located in jurisdictions that have an intergovernmental agreement with the United
States governing FATCA may be subject to different rules. Similarly, dividends and, subject to the proposed Treasury Regulations discussed
below, proceeds from sales or other disposition in respect of our units held by an investor that is a non-financial non-U.S. entity that
does not qualify under certain exceptions generally will be subject to withholding at a rate of 30%, unless such entity either (i) certifies
to us or the applicable withholding agent that such entity does not have any “substantial United States owners” or (ii) provides
certain information regarding the entity’s “substantial United States owners,” which will in turn be provided to the
U.S. Department of the Treasury. The U.S. Department of the Treasury has proposed regulations which eliminate the federal withholding
tax of 30% applicable to the gross proceeds of a sale or other disposition of our securities. Withholding agents may rely on the proposed
Treasury Regulations until final regulations are issued. Prospective investors should consult their tax advisors regarding the possible
effects of FATCA on their investment in our securities.

THE U.S. FEDERAL INCOME TAX DISCUSSION SET FORTH ABOVE IS INCLUDED FOR GENERAL INFORMATION ONLY AND MAY NOT BE APPLICABLE DEPENDING UPON A HOLDER’S PARTICULAR SITUATION. HOLDERS ARE URGED TO CONSULT THEIR OWN TAX ADVISORS WITH RESPECT TO THE TAX CONSEQUENCES TO THEM OF THE ACQUISITION, OWNERSHIP AND DISPOSITION OF OUR ORDINARY SHARES AND RIGHTS, INCLUDING THE TAX CONSEQUENCES UNDER STATE, LOCAL, ESTATE, NON-U.S. AND OTHER TAX LAWS AND TAX TREATIES AND THE POSSIBLE EFFECTS OF CHANGES IN U.S. OR OTHER TAX LAWS.

<div align='center'>151</div>

<div align='center'>Shares Eligible for Future Sale</div>

Immediately after the consummation of this
offering (assuming no exercise of the underwriters’ over-allotment