Company: QSEA
Filing Date: 2025-02-24
Form Type: S-1
Source: 0001829126-25-001168
Chunk: 201

Company: Quartzsea Acquisition Corp
Filing Date: 2025-02-24
Form: S-1
Chunk 201
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 meeting (whether in person or by
proxy). A quorum for such meeting will consist of the holders present in person or by proxy of outstanding shares of the company representing
a majority of the voting power of all outstanding shares of the company entitled to vote at such meeting.

However, the participation of our Sponsor, officers,
directors, advisors or their affiliates in privately-negotiated transactions (as described in this prospectus), if any, could result
in the approval of our initial business combination even if majority of our public shareholders vote, or indicate their intention to
vote, against such business combination. For purposes of seeking approval of the majority of our issued and outstanding ordinary shares
voted, non-votes will have no effect on the approval of our initial business combination once a quorum is obtained. We intend to give
approximately 30 days (but not less than 10 days nor more than 60 days) prior written notice of any such meeting, if required, at which
a vote shall be taken to approve our initial business combination. These quorum and voting thresholds, as well as the voting agreements
of our initial shareholders, may make it more likely that we will consummate our initial business combination.

If we seek shareholder approval of our initial business
combination and we do not conduct redemptions in connection with our initial business combination pursuant to the tender offer rules,
our Memorandum and Articles of Association will provide 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
Exchange Act), will be restricted from redeeming its shares with respect to more than an aggregate of 15% of the ordinary shares sold
in this offering, which we refer to as the Excess Shares. However, we would not be restricting our shareholders’ ability to vote
all of their shares (including Excess Shares) for or against our initial business combination. Our shareholders’ inability to redeem
the Excess Shares will reduce their influence over our ability to complete our initial business combination, and such shareholders could
suffer a material loss in their investment if they sell such Excess Shares on the open market. Additionally, such shareholders will not
receive redemption distributions with respect to the Excess Shares if we complete the initial business combination. And, as a result,
such shareholders will continue to hold their Excess Shares and, in order to dispose such shares would be required to sell their shares
in