Company: QSEA
Filing Date: 2025-02-24
Form Type: S-1
Source: 0001829126-25-001168
Chunk: 55

Company: Quartzsea Acquisition Corp
Filing Date: 2025-02-24
Form: S-1
Chunk 55
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 from the proceeds of this offering and the sale of the private placement units, plus $1,020,000 in 
 cash held outside the trust account, plus $14,834 of actual shareholder’s equity at November 30, 2024.                            |
| (3) | The “as adjusted” value of ordinary shares which may                                                                              
 be redeemed for cash equals the “as adjusted” the 6,000,000 ordinary shares sold in the offering multiplied by the redemption     
 value of $10.05 per share/unit.                                                                                                   |
| (4) | Excludes 6,000,000 ordinary shares purchased in the public market                                                                 
 which are subject to redemption in connection with our initial business combination. The “as adjusted” calculation equals         
 the “as adjusted” total assets, less the “as adjusted” total liabilities, less the value of ordinary shares                       
 that may be redeemed in connection with our initial business combination (approximately $10.05 per public share).                 |

If no business combination is completed within the Combination Period, the proceeds then on deposit in the trust account, including interest not previously released to us (which interest shall be net of taxes payable) will be used to fund the redemption of our public shares. Our Sponsor, officers and directors have entered into a letter agreement with us, pursuant to which they have agreed to waive their rights to liquidating distributions from the trust account with respect to their founder shares and private shares if we fail to complete our initial business combination within the Combination Period.

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<div align='center'>Risk Factors</div>

An investment in our securities involves a high degree of risk. You should consider carefully all of the risks described below, which we believe represent the material risks related to the offering, together with the other information contained in this prospectus, before making a decision to invest in our units. If any of the following events occur, our business, financial condition and operating results may be materially adversely affected. In that event, the trading price of our securities could decline, and you could lose all or part of your investment. This prospectus also contains forward-looking statements that involve risks and uncertainties. Our actual results could differ materially from those anticipated in the forward-looking statements as a result of specific factors, including the risks described below.

<div align='center'>RISKS RELATING TO OUR SEARCH FOR, CONSUMMATION OF, OR INABILITY TO

CONSUMMATE, A BUSINESS COMBINATION AND POST-BUSINESS COMB