QSEA Quartzsea Acquisition Corp

“Our controls over the accounting of short-term investments and detecting errors in asset classification through our financial close process are ineffective”

“Our controls over the preparation and review of expenses, including expense accruals, and detecting errors in expense accruals and duplicate reimbursement of travel expenses, through our financial close process are ineffective”

“Based upon that evaluation, our Chief Executive Officer and Chief Financial Officer concluded that that during the period covered by this report, our disclosure controls and procedures were ineffective.”