Company: QSEA
Filing Date: 2025-03-11
Form Type: S-1/A
Source: 0001829126-25-001676
Chunk: 199

Company: Quartzsea Acquisition Corp
Filing Date: 2025-03-11
Form: S-1/A
Chunk 199
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 in favor of approving the business combination transaction in accordance with the requirements of Rule 14e-5 under the
Exchange Act and any SEC interpretations or guidance relating thereto) in the open market in favor of the proposed business combination,
if permitted by law or regulation. As a result, if we sought shareholder approval of a proposed transaction assuming only the minimum
number of shares representing a quorum is present and voted at such meeting held to vote on our initial business combination, no
public shares sold in this offering are needed to be voted in favor of a transaction, or assuming all issued and outstanding shares are
present and voted, we could need as little as 1,840,876 of our public shares (or approximately 30.68% of our public shares) to be voted
in favor of the transaction in order to have such transaction approved (assuming the over-allotment option is not exercised, that the
Sponsor does not purchase any units in this offering or units or shares in the after-market). This percentage would decrease if only
the minimum number of shares are voted so that we have a quorum present at such meeting.

Because our Post-offering Memorandum and Articles
of Association will authorize the issuance of up to 500,000,000 ordinary shares of par value $0.0001 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