Company: QSEA
Filing Date: 2025-03-12
Form Type: S-1/A
Source: 0001829126-25-001750
Chunk: 155

Company: Quartzsea Acquisition Corp
Filing Date: 2025-03-12
Form: S-1/A
Chunk 155
---
1,200,000                     
 ordinary shares underlying the rights contained in the public units. |

<div align='center'>98</div>

In addition to the potential dilution reflected in the table above, there are several material sources of future dilution that may occur following our offering. We have the ability to issue additional ordinary shares or other equity securities to raise capital, in connection with completing our initial business combination, or as part of any subsequent financing, such a PIPE transaction. Such issuances may be at prices below the current market value or net tangible book value per share, further diluting existing stockholders.

We may issue additional ordinary shares under
an employee incentive plan after completion of our initial business combination. Equity-based compensation plans may be adopted or expanded
to attract and retain management, employees, and advisors, particularly in connection with the initial business combination. The issuance
of equity awards under such plans, including stock options or restricted stock, would result in further dilution to existing stockholders.
Any such issuances would dilute the interest of our shareholders and likely present other risks. We are authorized to issue up to 500,000,000
ordinary share, par value $0.0001 per share. Immediately after this offering, there will be 491,681,750 authorized but unissued ordinary
shares (assuming no exercise of the underwriter’s over-allotment option), which amount does not take into account the ordinary
shares reserved for issuance upon exercise of any outstanding rights. We may issue a substantial number of additional ordinary shares
to complete our initial business combination (including pursuant to a specified future issuance) or under an employee incentive plan
after completion of our initial business combination (although our Post-offering Memorandum and Articles of Association will provide
that we may not issue securities that can vote with holders of ordinary shares on matters related to our initial business combination).
For more information on the risks in connection with dilution if we issue additional ordinary shares to complete our initial business
combination or under an employee incentive plan, see “Risk Factors— We may issue additional ordinary shares to complete our initial business combination or under an employee incentive plan after completion of our initial business combination. Any such issuances would dilute the interest of our shareholders and likely present other risks.”

Our Post-offering Memorandum and Articles
of Association will provide, among other things, that prior to our initial business combination, we may not issue additional ordinary
shares that would entitle the holders thereof to (i) receive funds from the trust account or