Company: QSEA
Filing Date: 2025-03-11
Form Type: S-1/A
Source: 0001829126-25-001676
Chunk: 265

Company: Quartzsea Acquisition Corp
Filing Date: 2025-03-11
Form: S-1/A
Chunk 265
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 the requirements of Rule 14e-5 under the Exchange Act and any SEC interpretations or guidance relating
thereto) in favor
of approving a Business Combination and (b) not to convert any shares (including the Founder Shares) in connection with a shareholder
vote to approve, or sell the shares to the Company in any tender offer in connection with, a proposed Business Combination.

Notwithstanding the foregoing, if the Company seeks
shareholder approval of a Business Combination and it does not conduct redemptions pursuant to the tender offer rules, the amended and
restated memorandum and articles of association provides that a public shareholder, together with any affiliate of such shareholder or
any other person with whom such shareholder is acting in concert or as a “group” (as defined under Section 13 of the
Securities Exchange Act of 1934, as amended (the “Exchange Act”)), will be restricted from redeeming its shares with respect
to more than an aggregate of 15% or more of the Public Shares, without the prior consent of the Company.

The Initial Shareholders have agreed (a) to waive
their redemption rights with respect to the Founder Shares, Private Shares, and Public Shares held by them in connection with the completion
of a Business Combination and (b) not to propose, or vote in favor of, an amendment to the amended and restated memorandum and articles
of association that would affect the substance or timing of the Company’s obligation to redeem 100% of its Public Shares if the
Company does not complete a Business Combination, unless the Company provides the public shareholders with the opportunity to redeem
their Public Shares in conjunction with any such amendment.

The Company have 15 months from the consummation
of this offering to consummate its initial business combination (“Combination Period”). If the Company is unable to complete
a Business Combination within the Combination Period, the Company will (i) cease all operations except for the purpose of winding up,
(ii) as promptly as reasonably possible but not more than ten business days thereafter, redeem the public shares, 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, which redemption will completely extinguish public shareholders’
rights as shareholders (including the right to receive further liquidating distributions, if any), subject to applicable law, and (iii)
as promptly as reasonably possible following such redemption,