Company: SSEA
Filing Date: 2025-07-07
Form Type: S-1/A
Source: 0001829126-25-004904
Chunk: 52

Company: STARRY SEA ACQUISITION CORP
Filing Date: 2025-07-07
Form: S-1/A
Chunk 52
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 in connection with a shareholder vote to approve our proposed initial business combination (or sell any shares they hold to us in a tender offer in connection with a proposed initial business combination) or a vote to amend the provisions of our post-offering amended and restated memorandum and articles of association relating to shareholders’ rights or pre-business combination activity, and (D) that the representative shares shall not participate in any liquidating distribution upon winding up if a business combination is not consummated. to the extent such representative shares held by A.G.P and/or its designees, and any of their permitted transferees.

In addition, our sponsor has committed to purchasing from us an aggregate of 232,121 private units at $10.00 per private unit (for a total purchase price of $2,321,210). These purchases will take place on a private placement basis simultaneously with the consummation of this offering. All of the proceeds we receive from these purchases will be placed in the trust account described below. Our sponsor has also agreed that if the over-allotment option is exercised by the underwriters, it will purchase from us at a price of $10.00 per private unit an additional number of private units (up to a maximum of 247,121 private units) pro ratawith the amount of the over-allotment option exercised so that at least $10.00 per share sold to the public (or 100.0% of the gross proceeds) in this offering is held in the trust account regardless of whether the over-allotment option is exercised in full or in part. These additional private units will be purchased in a private placement that will occur simultaneously with the purchase of units resulting from the exercise of the over-allotment option. The proceeds from the private placement of the private units will be added to the proceeds of this offering and placed in an account in the United States maintained by Odyssey Transfer and Trust Company as trustee. The majority of our assets may be located outside the United States after we consummate our first business combination.

Following this offering, our initial shareholders will own a total of 1,437,500 initial shares and 232,121 private units, representing 22.26% of the issued and outstanding shares following this offering, assuming the over-allotment option is not exercised. In total, assuming no exercise of over-allotment option, our initial shareholders will pay for an aggregate purchase price of $2,346,210 for an aggregate of 1,437,500 initial shares