Company: SSEA
Filing Date: 2025-03-05
Form Type: DRS
Source: 0001829126-25-001469
Chunk: 50

Company: STARRY SEA ACQUISITION CORP
Filing Date: 2025-03-05
Form: DRS
Chunk 50
---
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| Terms of Rights:                                                              |     | Except in cases where we are not the surviving company in a business combination, each holder of a public right will automatically receive one-seventh (1/7) of one ordinary share upon consummation of our initial business combination. In the event we will not be the surviving company upon completion of our initial business combination, each holder of a right will be required to affirmatively convert his, her or its rights in order to receive the one-seventh (1/7) of one ordinary share underlying each right upon consummation of the business combination. We will not issue fractional shares in connection with an exchange of rights. Fractional shares will either be rounded down to the nearest whole share or otherwise addressed in accordance with the applicable provisions of Cayman Islands law. As a result, you must hold rights in multiples of seven in order to receive shares for all of your rights upon closing of a business combination. If we are unable to complete an initial business combination within the required time period and we redeem the public shares for the funds held in the trust account, holders of rights will not receive any of such funds for their rights and the rights will expire worthless. |

| (2) | This number includes an aggregate of up to 187,500 ordinary shares held by our sponsor that are subject to forfeiture if the over-allotment option is not exercised by the underwriters in full.                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| (3) | Includes 5,000,000 ordinary shares included in the units to be sold in this offering, 229,121 ordinary shares included in the private units to be purchased by the sponsor, 1,250,000 initial shares after 187,500 ordinary shares held by our initial shareholders have been forfeited if no part of the over-allotment option is exercised, and 175,000 representative shares, assuming the over-allotment option has not been exercised. If the over-allotment option is exercised in full, there will be a total of 7,632,871 ordinary shares issued and outstanding immediately after the offering and the private placement. |
| (4) | Includes 229,121 rights included in the private units to be purchased by the sponsor, assuming the over-allotment option has not been exercised. If the over-allotment option is exercised in full, there will be a total of 5,994,121 rights, including an aggregate of up to 244,121