Company: SSEA
Filing Date: 2025-03-05
Form Type: DRS
Source: 0001829126-25-001469
Chunk: 64

Company: STARRY SEA ACQUISITION CORP
Filing Date: 2025-03-05
Form: DRS
Chunk 64
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|                                                            |     | Actual       |         |   |     | As       
 Adjusted |            |
| Balance Sheet Data:                                        |     |              |         |   |     |          |            |
| Working capital (deficit)(1)                               |     | $            | (31,974 | ) |     | $        | 49,563,416 |
| Total assets(2)                                            |     |              |  25,000 |   |     |          | 50,693,026 |
| Total liabilities                                          |     |              |  31,974 |   |     |          |          - |
| Value of ordinary shares subject to possible redemption(3) |     |              |       - |   |     |          | 46,357,616 |
| Shareholders’ equity (deficit)(4)                          |     |              |  (6,974 | ) |     |          |  4,335,410 |

The “as adjusted” information gives effect to the sale of the units we are offering, including the application of the related gross proceeds and the payment of the estimated remaining costs from such sale and the repayment of the accrued and other liabilities required to be repaid.

| (1) | The “as adjusted” working capital calculation includes $50,000,000 cash held in trust from the proceeds of this offering and the sale of the private placement units, plus $700,000 in cash held outside the trust account, $6,974 of net book deficit of the shareholders’ equity as of December 31, 2024. If our initial business combination is not consummated, the trust account, less amounts we are permitted to withdraw as described in this prospectus, will be distributed solely to our public shareholders (subject to our obligations under the Cayman Islands law to provide for claims of creditors). Any additional offering costs will also be charged to additional paid-in capital. |
| (2) | The “as adjusted” total assets calculation equals $50,000,000 of cash held in trust from the proceeds of this offering and the sale of the private placement units, plus $700,000 in cash held outside the trust account, plus $6,974 of actual shareholders’ deficit as of December 31, 2024.                                                                                                                                                                                                                                                                                                                                                                                                          |
| (3) | The “as adjusted” amount includes all ordinary shares included in the units sold in this offering, assuming the over-allotment option is not exercised