Company: QSEA
Filing Date: 2025-03-12
Form Type: S-1/A
Source: 0001829126-25-001750
Chunk: 202

Company: Quartzsea Acquisition Corp
Filing Date: 2025-03-12
Form: S-1/A
Chunk 202
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0001 share, if we were to enter into
an initial business combination, we may (depending on the terms of such an initial business combination) be required to increase the
number of ordinary shares that we are authorized to issue at the same time as our shareholders vote on the initial business combination
to the extent we seek shareholder approval in connection with our initial business combination.

We will provide our public shareholders with the
opportunity to redeem all or a portion of their public shares upon the completion of our initial business combination at a per-share
price, payable in cash, equal to the aggregate amount then on deposit in the trust account as of two business days prior to the consummation
of our initial business combination including interest earned on the funds held in the trust account (which interest shall be net of
taxes payable), divided by the number of then outstanding public shares, subject to the limitations described herein. The amount in the
trust account is initially anticipated to be $10.00 per public share. Our Sponsor, officers and directors have entered into a letter
agreement with us, pursuant to which they have agreed to waive their redemption rights with respect to any founder shares, private shares
and any public shares held by them in connection with the completion of our initial business combination. If a shareholder vote is not
required by law and we do not decide to hold a shareholder vote for business or other legal reasons, we will, pursuant to our Post-offering
Memorandum and Articles of Association, conduct the redemptions pursuant to the tender offer rules of the SEC, and file tender offer
documents with the SEC prior to completing our initial business combination. Our Post-offering Memorandum and Articles of Association
will require these tender offer documents to contain substantially the same financial and other information about the initial business
combination and the redemption rights as is required under the SEC’s proxy rules. If, however, shareholder approval of the transaction
is required by law, or we decide to obtain shareholder approval for business or other legal reasons, we will offer to redeem shares in
conjunction with a proxy solicitation pursuant to the proxy rules and not pursuant to the tender offer rules. If we seek shareholder
approval, we will complete our initial business combination only if a majority of the outstanding ordinary shares entitled to vote are
voted in favor of the initial business combination so long as the minimum number of shareholders required for a quorum attend the meeting
(whether in person or by proxy). A quorum for such meeting will consist of