Company: QSEA
Filing Date: 2025-03-11
Form Type: S-1/A
Source: 0001829126-25-001676
Chunk: 209

Company: Quartzsea Acquisition Corp
Filing Date: 2025-03-11
Form: S-1/A
Chunk 209
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 directors will be classified into three classes of directors. As a result, in most circumstances, a person
can gain control of our board only by successfully engaging in a proxy contest at two or more annual meetings.

Our authorized but unissued ordinary shares are available
for future issuances without shareholder approval and could be utilized for a variety of corporate purposes, including future offerings
to raise additional capital, acquisitions and employee benefit plans. The existence of authorized but unissued and unreserved ordinary
shares could render more difficult or discourage an attempt to obtain control of us by means of a proxy contest, tender offer, merger
or otherwise.

Anti-Money Laundering — Cayman Islands

In order to comply with legislation or regulations
aimed at the prevention of money laundering, we are required to adopt and maintain anti-money laundering procedures, and may require
subscribers to provide evidence to verify their identity. Where permitted, and subject to certain conditions, we may also delegate the
maintenance of our anti-money laundering policies and procedures (including the acquisition of due diligence information) to a suitable
person.

We reserve the right to request such information
as is necessary to verify the identity of a subscriber. In some cases, the directors may be satisfied that no further information is
required since an exemption applies under the Anti-Money Laundering Regulations (Revised) of the Cayman Islands, as amended and revised
from time to time (the “Regulations”) or any other applicable law. Depending on the circumstances of each application,
a detailed identification and verification of identity might not be required where:

| (a) | the subscriber makes the payment for                                                                  
 their investment from an account held in the subscriber’s name at a recognized financial institution; |

| (b) | the subscriber is regulated by a recognized                                                                                                
 overseas regulatory authority and where such authority is based or incorporated in, or formed under the law of, a recognized jurisdiction; 
 or                                                                                                                                         |

| (c) | the application is made through an                                                                                                 
 intermediary which is regulated by a recognized overseas regulatory authority and where such authority is based in or incorporated 
 in, or formed under the law of a recognized jurisdiction and an assurance is provided in relation to the procedures undertaken on  
 the underlying investors.                                                                                                          |

For the purposes of these exceptions, recognition
of a financial institution, recognized overseas regulatory authority or jurisdiction will be determined in accordance with the Regulations
by reference to those jurisdictions recognized by the Cayman Islands Monetary Authority as having equivalent anti-money laundering regulations.

In the