Company: QSEA
Filing Date: 2025-03-12
Form Type: S-1/A
Source: 0001829126-25-001750
Chunk: 154

Company: Quartzsea Acquisition Corp
Filing Date: 2025-03-12
Form: S-1/A
Chunk 154
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 following the completion of our initial business combination. In the event of any such purchases of our shares prior to the completion of our initial business combination, the number of ordinary shares subject to redemption will be reduced by the amount of any such purchases, increasing the pro forma net tangible book value per share. |

The following table sets forth information with
respect to our initial shareholders and public shareholders:

| Holder          
 of              |     | Shares    
 Purchased |           |     | Percentage |        |   |     | Total         
 Consideration 
 Amount        |            |     | Percentage |        |   |     | Average   
 Price per 
 Share     |      |
|:----------------|:----|:----------|----------:|:----|:-----------|-------:|:--|:----|:--------------|-----------:|:----|:-----------|-------:|:--|:----|:----------|-----:|
| Founder         
 shares(1)       |     |           | 2,100,000 |     |            |  21.96 | % |     | $             |     25,000 |     |            |   0.04 | % |     | $         | 0.01 |
| Private         
 shares(2)       |     |           |   261,900 |     |            |   2.74 | % |     | $             |  2,182,500 |     |            |   3.51 | % |     | $         | 8.33 |
| Public          
 shareholders(3) |     |           | 7,200,000 |     |            |  75.30 | % |     | $             | 60,000,000 |     |            |  96.45 | % |     | $         | 8.33 |
| Total           |     |           | 9,561,900 |     |            | 100.00 | % |     | $             | 62,207,500 |     |            | 100.00 | % |     |           |      |

| (1) | Assumes no exercise of the over-allotment option                     
 and forfeiture by our Sponsor of 315,000 shares of ordinary shares.  |
| (2) | Includes the issuance of an additional 43,650 ordinary               
 shares underlying the rights contained in the private units.         |
| (3) | Includes the issuance of an additional