Company: QSEA
Filing Date: 2025-06-06
Form Type: 8-K
Source: 0001829126-25-004323
Chunk: 1

Company: Quartzsea Acquisition Corp
Filing Date: 2025-06-06
Form: 8-K
Item: Item 1.01
Chunk 1
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ger, Purchaser’s board of directors will consist of
one (1) director designated by Quartzsea and four (4) directors designated by Broadway Tech. The Purchaser’s board of directors
will comply with the requirements of Nasdaq, subject to applicable exemptions.

SPAC
Merger

At
the SPAC Effective Time, Quartzsea will be merged with and into Purchaser, the separate corporate existence of Quartzsea will cease and
Purchaser will continue as the surviving corporation (the “ SPAC Merger”). In connection with the SPAC Merger, Quartzsea’s
issued and outstanding units shall separate into its individual components of one ordinary share and one right, and all units shall cease
to be outstanding and shall automatically be canceled, and each of Quartzsea’s issued and outstanding securities will be converted
into an equivalent amount of Purchaser’s securities:

  Each                                                                                                 

  At                                                                                                                                        

Representations
and Warranties

In
the Agreement, Broadway Tech and Principal Shareholders make certain representations and warranties (with certain exceptions set forth
in the disclosure schedule to the Agreement) relating to, among other things: (a) proper corporate organization of Broadway Tech and
its affiliates and subsidiaries and similar corporate matters; (b) authorization, execution, delivery and enforceability of the Agreement
and other transaction documents; (c) neither the execution, delivery nor performance of the Agreement need any consent, approval, license
or other action of any government authority; (d) absence of conflicts; (e) capital structure; (f) accuracy of charter documents and corporate
records; (g) required consents and approvals; (h) financial information; (i) absence of certain changes or events; (j) title to assets
and properties; (k) material contracts; (l) ownership of real property; (m) licenses and permits; (n) compliance with laws; (o) ownership
of intellectual property; (p) customers and suppliers; (q) employment and labor matters; (r) taxes matters; (s) environmental matters;
(t) brokers and finders; (u) that Broadway Tech is not an investment company; (v) no Action pending or threatened against Broadway Tech;
and (w) other customary representations and warranties.

In
the Agreement, Purchaser Parties make certain representations and warranties relating to, among other things: (a) proper corporate organization
and similar corporate matters; (b) authorization, execution, delivery and enforceability of the Agreement