Company: QSEA
Filing Date: 2025-03-12
Form Type: S-1/A
Source: 0001829126-25-001750
Chunk: 180

Company: Quartzsea Acquisition Corp
Filing Date: 2025-03-12
Form: S-1/A
Chunk 180
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 for our initial business 
 combination;                                                                                                                         |

| ● | our                                                                                                          
 obligation to either repay working capital loans that may be made to us by our insiders or their affiliates; |

| ● | our                                                                                                                              
 obligation to register the resale of the founder shares, as well as the private units (and underlying securities) and any shares 
 issued to our insiders or their affiliates upon conversion of working capital loans, if we and they agree to do so; and          |

| ● | the                                                                                                                        
 impact on the target business’s assets as a result of unknown liabilities under the securities laws or otherwise depending 
 on developments involving us prior to the consummation of a business combination.                                          |

Any of these factors may place us at a competitive disadvantage in successfully negotiating our initial business combination. Our management believes, however, that our status as a public entity and potential access to the United States public equity markets may give us a competitive advantage over privately held entities having a similar business objective as ours in connection with an initial business combination with a target business with significant growth potential on favorable terms.

If we succeed in effecting our initial business combination, there will be, in all likelihood, intense competition from competitors of the target business. Subsequent to our initial business combination, we may not have the resources or ability to compete effectively.

Facilities

We currently maintain our principal executive
offices at 1185 Avenue of the Americas, Suite 304, New York, NY 10036. The cost for the space is included in the Second Amendment of
Administrative Services Agreement entered into on March 7, 2025 between us and our Sponsor, commencing on the effective date of the registration
statement of which this prospectus forms a part through the earlier of the Company’s consummation of a business combination or
the Company’s liquidation. Pursuant to the Second Amendment of Administrative Services Agreement we will pay our Sponsor a monthly
fee of $20,000 per month for office space and administrative and support services. We consider our current office space, combined with
the other office space otherwise available to our executive officers, to be adequate for our current operations.

Employees

We have one executive officer. This individual is not obligated to devote any specific number of hours to our matters and intend to devote only as much time as he deems necessary to our affairs. The amount of time he will devote in any time period will vary based on whether a target business has been selected for the business combination and the stage of the business combination process