Company: QSEA
Filing Date: 2025-02-24
Form Type: S-1
Source: 0001829126-25-001168
Chunk: 92

Company: Quartzsea Acquisition Corp
Filing Date: 2025-02-24
Form: S-1
Chunk 92
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 for an initial business combination, it could cause us to fail to be in compliance with U.S. securities laws and regulations, we could cease to be listed on a U.S. securities exchange, and U.S. trading of our shares could be prohibited under the HFCAA. Any of these actions, or uncertainties in the market about the possibility of such actions, could adversely affect our prospects to successfully complete a business combination with a China or Hong Kong-based company, our access to the U.S. capital markets and the price of our shares.

Future developments in respect of increase U.S. regulatory access to audit information are uncertain, as the legislative developments are subject to the legislative process and the regulatory developments are subject to the rule-making process and other administrative procedures.

Other developments in U.S. laws and regulatory environment, including but not limited to executive orders such as Executive Order (E.O.) 13959, “Addressing the Threat from Securities Investments That Finance Communist Chinese Military Companies,” may further restrict our ability to complete a business combination with certain China-based businesses.

Compliance with the PRC Antitrust law may limit our ability to effect our initial business combination.

The PRC Antitrust Law became effective on
August 1, 2008. The government authorities in charge of antitrust matters in China are the Antitrust Commission and other antitrust authorities
under the State Council. The PRC Antitrust Law regulates (1) monopoly agreements, including decisions or actions in concert that preclude
or impede competition, entered into by business operators; (2) abuse of dominant market position by business operators; and (3) concentration
of business operators that may have the effect of precluding or impeding competition. To implement the Antitrust Law, in 2008, the State
Council formulated the regulations that require filing of concentration of business operators, pursuant to which concentration of business
operators refers to (1) merger with other business operators; (2) gaining control over other business operators through acquisition of
equity interest or assets of other business operators; and (3) gaining control over other business operators through exerting influence
on other business operators through contracts or other means. In 2009, the Ministry of Commerce, to which the Antitrust Commission is
affiliated, promulgated the Measures for Filing of Concentration of Business Operators (amended by the Guidelines for Filing of Concentration
of Business Operators in 2014), which set forth the criteria of concentration and the requirement of miscellaneous documents for the