Company: SSEA
Filing Date: 2025-07-07
Form Type: S-1/A
Source: 0001829126-25-004904
Chunk: 171

Company: STARRY SEA ACQUISITION CORP
Filing Date: 2025-07-07
Form: S-1/A
Chunk 171
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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)                                                            |     | $              |  8.57 |   |     | $              |  8.57 |   |
| Net tangible book deficit before this offering                                      |     | $              | (0.28 | ) |     | $              | (0.24 | ) |
| Increase attributable to public shareholders and sale of the private units          |     | $              |  0.44 |   |     | $              |  0.38 |   |
| Pro forma net tangible book value after this offering and sale of the private units |     | $              |  0.16 |   |     | $              |  0.14 |   |
| Dilution to public shareholders                                                     |     | $              |  8.41 |   |     | $              |  8.43 |   |
| Percentage of dilution to public shareholders                                       |     |                |  98.1 | % |     |                |  98.4 | % |

| (1) | Each unit has an offering price of $10.00 and consists of one ordinary share and one right to receive one-sixth (1/6) 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 833,333 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 their shares for a pro rata share of the aggregate amount then on deposit in the trust account at a per share redemption price equal to the amount in the trust account as set forth in our tender offer or proxy materials (initially anticipated to be the aggregate amount held in trust two days prior to