Company: SSEA
Filing Date: 2025-07-07
Form Type: S-1/A
Source: 0001829126-25-004904
Chunk: 284

Company: STARRY SEA ACQUISITION CORP
Filing Date: 2025-07-07
Form: S-1/A
Chunk 284
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 redemption value and classified as temporary equity upon the completion of the Proposed Public
Offering, in accordance with Accounting Standards Codification (“ASC”) Topic 480 “Distinguishing Liabilities from
Equity.” In such case, the Company will proceed with a Business Combination if the Company has net tangible assets of at least
$5,000,001 upon such consummation of a Business Combination and, if the Company seeks shareholder approval, we will obtain the
approval of an ordinary resolution under Cayman Islands law, which requires the affirmative vote of a majority of the shareholders
who attended and voted at a general meeting of the Company. The Company will have 15 months 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.

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