Company: SSEA
Filing Date: 2025-03-05
Form Type: DRS
Source: 0001829126-25-001469
Chunk: 158

Company: STARRY SEA ACQUISITION CORP
Filing Date: 2025-03-05
Form: DRS
Chunk 158
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 the redemption rights of the public shareholders (but not our insiders) may result in the conversion or tender of up to 5,000,000 ordinary shares (or 5,750,000 ordinary shares if the underwriters exercise their over-allotment option in full) sold in this offering.

The following table illustrates the dilution to the new investors on a per-share basis:

|                                                                                     |     | No exercise of 
 over-allotment 
 option         |       |   |     | Exercise of    
 over-allotment 
 option in full |       |   |
|:------------------------------------------------------------------------------------|:----|:---------------|------:|:--|:----|:---------------|------:|:--|
| Public offering price(1)                                                            |     | $              |  8.75 |   |     | $              |  8.75 |   |
| Net tangible book deficit before this offering                                      |     | $              | (0.03 | ) |     | $              | (0.03 | ) |
| Increase attributable to public shareholders and sale of the private units          |     | $              |  0.32 |   |     | $              |  0.28 |   |
| Pro forma net tangible book value after this offering and sale of the private units |     | $              |  0.29 |   |     | $              |  0.25 |   |
| Dilution to public shareholders                                                     |     | $              |  8.46 |   |     | $              |  8.50 |   |
| Percentage of dilution to public shareholders                                       |     |                |  96.7 | % |     |                |  97.1 | % |

| (1) | Each unit has an offering price of $10.00 and consists of one ordinary share and one right to receive one-seventh (1/7) of an ordinary share upon the consummation of an initial business combination. The offering price is determined as gross proceeds divided by 5,000,000 ordinary shares included in the units (and the issuance of up to an additional 714,285 shares underlying the public rights). |

For purposes of presentation, we have reduced our pro forma net tangible book value after this offering (assuming no exercise of the underwriters’ over-allotment option) by $50,000,000 because holders of up to 100% of our public shares may redeem