Company: QSEA
Filing Date: 2025-03-11
Form Type: S-1/A
Source: 0001829126-25-001676
Chunk: 168

Company: Quartzsea Acquisition Corp
Filing Date: 2025-03-11
Form: S-1/A
Chunk 168
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Structure of Business Combination

In connection with any proposed business combination,
we will either (1) seek shareholder approval of our initial business combination at a meeting called for such purpose at which public
shareholders (but not our insiders, officers or directors) may seek to redeem their public share, regardless of whether they vote for
or against, or abstain from voting on, the proposed business combination, into a portion of the aggregate amount then on deposit in the
trust account, or (2) provide our shareholders with the opportunity to sell their shares to us by means of a tender offer (and therefore
avoid the need for a shareholder vote) for an amount equal to their pro rata share of the aggregate amount then on deposit in the trust
account, in each case subject to the limitations described herein. If we determine to engage in a tender offer, such tender offer will
be structured so that each shareholder may tender all of his, her, or its shares rather than some pro rata portion of his, her, or its
shares. The decision as to whether we will seek shareholder approval of a proposed business combination or whether we will allow shareholders
to sell their shares to us in a tender offer will be made by us, solely in our discretion, and will be based on a variety of factors
such as the timing of the transaction and whether the terms of the transaction would otherwise require us to seek shareholder approval.
We anticipate that our business combination could be completed by way of a merger, share exchange, asset acquisition, stock purchase,
recapitalization, reorganization, or other similar transaction. If we decide to allow shareholders to sell their shares to us in a tender
offer, we will file tender offer documents with the SEC which will contain substantially the same financial and other information about
the initial business combination as is required under the SEC’s proxy rules. If we seek shareholder approval, we will consummate
our initial business combination only if we seek shareholder approval, we obtain the approval of an ordinary resolution under Cayman
Islands law, which requires the affirmative vote of a majority of the outstanding ordinary shares voted at the meeting so long as the
minimum number of shareholders required for a quorum attend the meeting (whether in person or by proxy).

We will have up to 15 months from the consummation
of this offering to consummate an initial business combination. If we are unable to consummate an initial business combination within
such time period, we will redeem 100