Company: SSEA
Filing Date: 2025-06-12
Form Type: S-1
Source: 0001829126-25-004429
Chunk: 282

Company: STARRY SEA ACQUISITION CORP
Filing Date: 2025-06-12
Form: S-1
Chunk 282
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 from the effective date of the
registration statement on Form S-1 to consummate its initial Business Combination. If the Company anticipates that it may be unable
to consummate the initial Business Combination within 15 months, it may seek shareholder approval to amend its second amended and
restated memorandum and articles of association to extend the deadline (“Extension Period”) by which it must complete
the initial Business Combination (the “Combination Period”). If the Company is unable to complete the initial Business
Combination within the Combination Period, the Company will: (i) cease all operations except for the purpose of winding up, (ii) as
promptly as reasonably possible but not more than ten business days thereafter, redeem the public shares, at a per-share price,
payable in cash, equal to the aggregate amount then on deposit in the Trust Account including interest earned on the funds held in
the Trust Account and not previously released to the Company for working capital purposes or to pay the Company’s taxes (less
up to $100,000 of interest to pay dissolution expenses), divided by the number of then outstanding public shares, which redemption
will completely extinguish public shareholders’ rights as shareholders (including the right to receive further liquidating
distributions, if any); and (iii) as promptly as reasonably possible following such redemption, subject to the approval of the
Company’s remaining shareholders and its board of directors, dissolve and liquidate, subject in each case to the
Company’s obligations under Cayman Islands law to provide for claims of creditors and the requirements of other applicable
law. There will be no redemption rights or liquidating distributions with respect to the Company’s rights, which will expire
worthless if the Company fails to complete the Business Combination within the 15 months from the effective date of this
registration statement or during any extension period.

The Founder Shares (as
defined in Note 5) except as described below, are identical to the ordinary shares included in the units being sold in this
offering, and holders of Founder Shares have the same shareholder rights as public shareholders, except that (a) the Founder Shares
are subject to certain transfer restrictions, as described in more detail below; (b) the Company’s initial shareholders have
entered into an agreement with the Company, pursuant to which they have agreed to (i) waive their redemption rights with respect to
their Founder Shares and private placement shares in connection with the completion of the initial Business Combination, (ii) waive
their redemption rights with respect to