Company: QSEA
Filing Date: 2025-03-12
Form Type: S-1/A
Source: 0001829126-25-001750
Chunk: 197

Company: Quartzsea Acquisition Corp
Filing Date: 2025-03-12
Form: S-1/A
Chunk 197
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 of the notes may be converted into private units at a price of $10.00 per unit. If we
do not complete a business combination, any outstanding loans from our insiders or their affiliates, will be repaid only from amounts
not held in our trust account, if any.

The holders of our founder shares issued and outstanding
on the date of this prospectus, as well as the holders of the private units (and underlying securities) will be entitled to registration
rights pursuant to an agreement to be signed prior to or on the effectiveness of the registration statement of which this prospectus
forms a part as provided for in certain letter agreement among us, the Sponsor, and the underwriter. The holders of the founder shares
can elect to exercise these registration rights at any time after we consummate a business combination. In addition, the holders have
certain “piggyback” registration rights with respect to registration statements filed subsequent to our consummation of our
initial business combination. Notwithstanding anything to the contrary, the underwriters may only make a demand on one occasion and only
during the five-year period beginning on the effective date of the registration statement of which this prospectus forms a part. In addition,
the underwriters may participate in a “piggy-back” registration only during the seven-year period beginning on the effective
date of the registration statement of which this prospectus forms a part. We will bear the expenses incurred in connection with the filing
of any such registration statements.

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The
Sponsor has agreed that, commencing on the effective date of the registration statement of
which this prospectus forms a part through the earlier of the consummation of our initial
business combination or our liquidation, it will make available to us certain general and
administrative services, including office space, utilities, and administrative support, as
we may require from time to time at $20,000 per month. No compensation or fees of any kind,
including finder’s fees, consulting fees, or other similar compensation, will be paid
to our insiders or any of the members of our management team, for services rendered to us
prior to, or in connection with the consummation of our initial business combination (regardless
of the type of transaction that it is). However, such individuals will receive reimbursement
for any out-of-pocket expenses incurred by them in connection with activities on our behalf,
such as identifying potential target businesses, performing due diligence of suitable target