Company: QSEA
Filing Date: 2025-03-12
Form Type: S-1/A
Source: 0001829126-25-001750
Chunk: 119

Company: Quartzsea Acquisition Corp
Filing Date: 2025-03-12
Form: S-1/A
Chunk 119
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 initial business combination. Accordingly, these securities will be worthless if we do not consummate our initial business combination. Any rights they hold, like those held by the public, will also be worthless if we do not consummate an initial business combination. The personal and financial interests of our directors and officers may influence their motivation in timely identifying and selecting a target business and completing a business combination. Consequently, our directors’ and officers’ discretion in identifying and selecting a suitable target business may result in a conflict of interest when determining whether the terms, conditions, and timing of a particular business combination are appropriate and in our shareholders’ best interest.

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Reimbursement of out-of-pocket expenses incurred by our insiders, officers, directors or any of their affiliates in connection with certain activities on our behalf, such as identifying and investigating possible business targets and business combinations, could reduce the funds available to us to consummate a business combination. In addition, an indemnification claim by one or more of our officers and directors in the event that any of them are sued in their capacity as an officer or director could also reduce the funds available to us outside of the trust account.

We may reimburse our insiders, officers, directors
or any of their affiliates for out-of-pocket expenses incurred in connection with certain activities on our behalf, such as identifying
and investigating possible business targets and business combinations. There is no limit on the amount of out-of-pocket expenses reimbursable
by us; provided, that, to the extent such expenses exceed the available proceeds not deposited in the trust, such expenses would not
be reimbursed by us unless we consummate an initial business combination. In addition, pursuant to our Post-offering Memorandum and Articles
of Association and Cayman Islands law, we may be required to indemnify our officers and directors in the event that any of them are sued
in their capacity as an officer or director. We will also enter into agreements with our officers and directors to provide contractual
indemnification in addition to the indemnification provided for in our Post-offering Memorandum and Articles of Association and under
Cayman Islands law. In the event that we reimburse our insiders, officers, directors or any of their affiliates for out-of-pocket expenses
prior to the consummation of a business combination or are required to indemnify any of our officers or directors pursuant to our Post-offering
Memorandum and Articles of Association, Cayman Islands law, or the indemnity agreements that we will enter into