Company: SSEA
Filing Date: 2025-06-12
Form Type: S-1
Source: 0001829126-25-004429
Chunk: 281

Company: STARRY SEA ACQUISITION CORP
Filing Date: 2025-06-12
Form: S-1
Chunk 281
---
 successfully.

Upon the closing of the
Proposed Public Offering, management has agreed that $10.00 per Unit sold in the Proposed Public Offering, including a portion of
the proceeds of the sale of the Private placement units, will be held in a trust account (“Trust Account”) and invested
in U.S. government securities, within the meaning set forth in Section 2(a)(16) of the Investment Company Act of 1940, with a
maturity of 185 days or less, or in money market funds meeting certain conditions of Rule 2a-7 of the Investment Company Act of
1940 which invest only in direct U.S. government treasury obligations, as determined by the Company. The proceeds from this offering
held in the Trust Account will not be released from the Trust Account (1) to the Company, until the completion of the initial
business combination, or (2) to public shareholders, until the earliest of: (a) the completion of the initial Business Combination,
(b) the redemption of the public shares properly submitted in connection with a shareholder vote to amend the Company’s second
amended and restated memorandum and articles of association (A) to modify the substance or timing of the Company’s obligation
to allow redemption in connection with the initial business combination or to redeem 100% of the Company’s public shares if
the Company has not consummated an initial business combination within the completion window or (B) with respect to any other
material provisions relating to shareholders’ rights or pre-initial business combination activity. The proceeds deposited in
the Trust Account could become subject to the claims of the Company’s creditors, if any, which could have priority over the
claims of the Company’s public shareholders.

<div align='center'>F-7</div>

The ordinary shares subject
to redemption will be recorded at a 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