QSEAU · Quartzsea Acquisition Corporation

This Amendment No. 1 to the Annual Report on Form 10-K for Quartzsea Acquisition Corporation represents a technical filing with no substantive changes to the company's financial or operational disclosures. The sole purpose of this amendment is to include the company's Clawback Policy as Exhibit 97.1, which is required under SEC regulations implementing Section 10D of the Exchange Act. The filing explicitly states that no other changes have been made to the original Form 10-K filed on March 16, 2026, and this amendment does not reflect any events occurring after that original filing date.

The Clawback Policy Implementation represents a compliance-driven addition rather than a business development. The policy, which applies to current and former executive officers, requires recoupment of excess incentive compensation received during the three completed fiscal years immediately preceding any accounting restatement due to material noncompliance with financial reporting requirements. This policy applies to various forms of incentive compensation including cash bonuses, stock options, restricted stock, and performance units that are based on financial reporting measures. The policy's implementation reflects regulatory requirements rather than any specific issues with the company's financial reporting.

The absence of financial statement amendments or business updates in this filing indicates that the company's operational and financial position remains as disclosed in the original Form 10-K. Investors should refer to the original filing for comprehensive financial information, business strategy, risk factors, and management discussion and analysis. This amendment serves purely as a regulatory compliance update with no implications for the company's financial performance, business operations, or strategic direction.