Company: SSEA
Filing Date: 2025-06-12
Form Type: S-1
Source: 0001829126-25-004429
Chunk: 22

Company: STARRY SEA ACQUISITION CORP
Filing Date: 2025-06-12
Form: S-1
Chunk 22
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 a share capitalization immediately prior to the consummation of the offering in such amount as to maintain our initial shareholders’ ownership at 20.0% of our issued and outstanding ordinary shares upon the consummation of this offering (without giving effect to the sale of the private units and the issuance of representative shares, and assuming our initial shareholders do not purchase units in this offering). |
| (2) | Our sponsor paid $25,000 for an aggregate of 1,437,500 ordinary shares, and it subsequently transferred an aggregate of 205,000 ordinary shares to two executive officers and three independent director nominees at nil consideration.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |

The nominal purchase price paid by our sponsor for the initial shares may significantly dilute the implied value of your public shares in the event we consummate an initial business combination, and our sponsor and other initial shareholders are likely to make a substantial profit on their investment in us in the event we consummate an initial business combination, even if the business combination causes the trading price of our ordinary shares to decline materially. The following table sets forth information with respect to our initial shareholders and the public shareholders: The other initial shareholders are officers and directors of the Company. We believe that with their experience and skillsets in sourcing, investing, and value-enhancement, we are well positioned in pursuing opportunities that will offer risk-adjusted returns. Our officers, directors and director nominees are as follows:

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Ms. Yan Liang serves as our
chief executive officer and director. She has served as an independent director of UY Scuti Acquisition Corp. (Nasdaq: UYSC) since
August 2024, a SPAC currently in search of a target for business combination. Ms. Liang had served as the finance director and
secretary of the board of directors for BaiXing.com (NEEQ: 836012) from 2021 to 2024, where she oversees financial and tax
management, post-investment management as well as investor relationship; she also held positions in affiliates of BaiXing.com,
serving as a director of Shanghai Keqiji Information Technology Co., Ltd. from November 2023 to June 2025, and as a supervisor of
Yunnan Nashi Intelligent Technology Co., Ltd. from April 2023 to April 2025. Prior to that, Ms. Liang was a financial consulting
partner at Suzhou Zhesida Management Consulting Co., Ltd.