Company: SSEA
Filing Date: 2025-06-12
Form Type: S-1
Source: 0001829126-25-004429
Chunk: 215

Company: STARRY SEA ACQUISITION CORP
Filing Date: 2025-06-12
Form: S-1
Chunk 215
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 by our initial shareholders will be released from lock-up restrictions only if a business combination is successfully completed and subject to certain other limitations. Additionally, our initial shareholders will not receive distributions from the trust account with respect to any of their initial shares if we do not complete a business combination. Furthermore, our insiders have agreed that the private units will not be sold or transferred by them until 30 days after we have completed our initial business combination. In addition, our initial shareholders may loan funds to us after this offering and may be owed reimbursement for expenses incurred in connection with certain activities on our behalf which would only be repaid if we complete an initial business combination. For the foregoing reasons, the personal and financial interests of our directors and executive officers may influence their motivation in identifying and selecting a target business, completing a business combination in a timely manner and securing the release of their shares. |

| ● | Certain of our initial shareholders presently has, and any of them in the future may have                                            
 additional, fiduciary or contractual obligations to other entities pursuant to which such officer or director is or will be required 
 to present a business combination opportunity to such entity. For example, our chief executive officer and director, Ms. Yan Liang,  
 has served as an independent director of UY Scuti Acquisition Corp. (Nasdaq: UYSC) since August 2024, a SPAC currently in search of  
 a target for business combination; and Mr. Stephen Markscheid, our independent director nominee, serves as the director of three     
 SPACs currently listing on Nasdaq, including Shepherd Ave Capital Acquisition Corporation (Nasdaq: SPHA), Charlton Aria Acquisition  
 Corp. (Nasdaq: CHAR), and Four Leaf Acquisition Corp. (Nasdaq: FORL). As a result, our officers or directors may present a potential 
 target to our competitor that would have been presented to us or devote time to our affairs which may have a negative impact on our  
 ability to complete our initial business combination.                                                                                |

| ● | Our officers and directors may in the future become affiliated with entities, including other blank check companies, engaged in business activities similar to those intended to be conducted by our company. |

| ● | Our officers and directors are not required to commit any specified amount of time to our affairs, and, accordingly, may have conflicts of interest in allocating management time among various business activities. Other than the foregoing, we do not intend to have any full-time employees prior to the completion of our initial business combination