Company: SSEA
Filing Date: 2025-04-11
Form Type: DRS/A
Source: 0001829126-25-002569
Chunk: 4

Company: STARRY SEA ACQUISITION CORP
Filing Date: 2025-04-11
Form: DRS/A
Chunk 4
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 as our “initial shareholders” as further described herein), will hold in aggregate 1,437,500 ordinary shares of par value USD0.0001 each (“ordinary shares”) or founder shares (up to 187,500 of which are subject to forfeiture depending on the extent to which the underwriters’ over-allotment option is exercised) immediately prior to this offering.

Our sponsor paid $25,000 for an aggregate of 1,437,500 ordinary shares, and it subsequently transferred [120,000] ordinary shares to [one] executive officer and [two] independent director nominees at nil consideration. Because our initial shareholders acquired the founder shares at a nominal price, our public shareholders will incur an immediate and substantial dilution upon the closing of this offering. See “Prospectus Summary - Our Initial Shareholders and Management”, “Prospectus Summary — The Offering — Initial Shares and Representative Shares and Transfer Restrictions”, “Prospectus Summary – The Offering — Limited payments to insiders,” “Prospectus Summary – The Offering — Conflicts of Interest,” “Prospectus Summary — The Offering – Limited payments to insiders”, “Risk Factors — Risks Associated with Our Business — The purchase price for the initial shares payable by our initial shareholders was $25,000, or approximately $0.017 per share. Accordingly, you will experience immediate and substantial dilution from the purchase of our ordinary shares.”, “Management- Executive Officer and Director Compensation”, and “Management-Conflicts of Interest” for further discussion on our sponsor’s and our affiliates’ securities and compensation.

The amount of compensation that may be received by our sponsor, its affiliates, our [two] executive officers and [three] independent director nominees is summarized as follows:

| Entity/Individual                                                                           |     | Amount of Compensation to be                                                                                                                                          
 Received or Securities Issued or to be Issued                                                                                                                         |     | Consideration Paid or to be Paid                                                                                                                        |
| STARRY SEA INVESTMENT LIMITED, [●] executive officers and [●] independent director nominees |     | 1,437,500 ordinary shares (up to 187,500 of which are subject to forfeiture depending on the extent to which the underwriters’ over-allotment option is exercised)(1) |     | $25,000(2)                                                                                                                                              |
| STARRY SEA INVESTMENT LIMITED                                                               |     | 232,121 private units (or 247,121 private units if the over-allotment option is exercised in full)                                                                    |     |