Company: QSEA
Filing Date: 2025-03-12
Form Type: S-1/A
Source: 0001829126-25-001750
Chunk: 129

Company: Quartzsea Acquisition Corp
Filing Date: 2025-03-12
Form: S-1/A
Chunk 129
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 additional expenses for which we have not allotted funds and may hinder our ability to complete our initial business combination
or result in our liquidation. If we are unable to complete our initial business combination, our public shareholders may receive only
approximately $10.00 per public share, or less in certain circumstances, upon the liquidation of our trust account.

Notwithstanding that we have limited our activities
as described above, we could nevertheless be considered to be operating as an unregistered investment company. If we were deemed to be
an investment company for purposes of the Investment Company Act, we would need to register as such under the Investment Company
Act and compliance with these additional regulatory burdens would require additional expenses for which we have not allotted funds
and may hinder our ability to complete a business combination. We may also be forced to abandon our efforts to complete an initial business
combination, and instead be required to liquidate the trust account and may be required to change our operations or wind down our operations.
In which case, our investors would not be able to realize the benefits of owning shares in a successor operating business, including the
potential appreciation in the value of our securities following such a transaction, and our rights would expire worthless.

If our facts and circumstances change over time, we will update our disclosure in future filings with the SEC to reflect how those changes impact the risk that we may be considered to be operating as an unregistered investment company.

Public shareholders, together with any affiliates of theirs or any other person with whom they are acting in concert or as a “group,” will be restricted from seeking conversion rights with respect to more than 15% of the public shares sold in this offering.

In connection with any meeting held to approve an initial business combination, we will offer each public shareholder (but not our insiders, officers or directors) the right to have his, her, or its shares of public shares redeemed for cash. Notwithstanding the foregoing, a public shareholder, together with any affiliate of his or hers, or any other person with whom he or she is acting in concert or as a “group” will be restricted from seeking redemption rights with respect to more than 15% of the public shares sold in this offering without our prior written consent. Generally, in this context, a shareholder will be deemed to be acting in concert or as a group with another shareholder when such shareholders agree to act together for the purpose of acquiring, voting, holding or disposing of our equity securities. Accordingly, if you purchase more than 15% of the public shares