Company: QSEA
Filing Date: 2025-03-12
Form Type: S-1/A
Source: 0001829126-25-001750
Chunk: 104

Company: Quartzsea Acquisition Corp
Filing Date: 2025-03-12
Form: S-1/A
Chunk 104
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 our Post-offering Memorandum
and Articles of Association requires us to provide our public shareholders with the opportunity to redeem their shares for cash if we
propose an amendment to our Post-offering Memorandum and Articles of Association (A) to modify the substance or timing of our obligation
to allow redemptions in connection with our initial business combination, (B) to modify the substance or timing of our obligation to
redeem 100% of the ordinary shares issued in this offering if we do not complete our initial business combination within 15 months from
the consummation of this offering or (C) with respect to any other provision relating to shareholders’ rights or pre-initial business
combination activity. To the extent any such amendments would be deemed to fundamentally change the nature of any securities offered
through this registration statement, we would register, or seek an exemption from registration for, the affected securities.

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The provisions of our Post-offering Memorandum and Articles of Association that relate to our pre-business-combination-activity including an amendment to permit us to withdraw funds from the trust account such that the per-share amount investors receive upon any redemption or liquidation is substantially reduced or eliminated, may be amended with the affirmative vote of the holders of at least two-third majority of the voting power of our outstanding ordinary shares entitled to vote thereon, which is a lower amendment threshold than that of some other blank check companies. The corresponding provisions of the trust agreement governing the release of funds from our trust account may be amended with the approval of the holders of at least 65% of the ordinary shares sold in the IPO. It may be easier for us, therefore, to amend our Post-offering Memorandum and Articles of Association and the trust agreement to facilitate the completion of our initial business combination that some of our shareholders may not support.

Our Post-offering Memorandum and Articles
of Association provides that any of its provisions related to pre-initial business combination activity (including the requirement to
deposit proceeds of this offering and certain proceeds of other financing activity and not release such amounts except in specified circumstances,
to provide redemption rights to public shareholders as described herein and including to permit us to withdraw funds from the trust account
such that the per-share amount investors will receive upon any redemption or liquidation is substantially reduced or eliminated) may
be amended by the affirmative vote of a two-third majority of our shareholders entitled to vote thereon and unless the holders of the
public shares are provided with the opportunity to redeem their