Company: SSEA
Filing Date: 2025-07-07
Form Type: S-1/A
Source: 0001829126-25-004904
Chunk: 58

Company: STARRY SEA ACQUISITION CORP
Filing Date: 2025-07-07
Form: S-1/A
Chunk 58
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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 7,635,871 ordinary shares issued and outstanding immediately after the offering and the private placement.                                                                                                       |
| (4) | Includes 232,121 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 5,997,121 rights, including an aggregate of up to 247,121 rights included in the private units.                                                                                                                                                                                                                                                                                                                                                                                                             |

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| Initial Shares and Representative Shares and Transfer Restrictions |     | In February 2025, an aggregate of 1,437,500 initial shares were issued to our sponsor, for an aggregate purchase price of $25,000, or approximately $0.017 per share, and it subsequently transferred 205,000 ordinary shares to two executive officers and three independent director nominees at nil consideration. The initial shares held by our initial shareholders include an aggregate of up to 187,500 shares subject to forfeiture by our sponsor to the extent that the underwriters’ over-allotment option is not exercised in full or in part, so that our initial shareholders will collectively own 20% of our issued and outstanding shares after 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). None of our initial shareholders has indicated any intention to purchase units in this offering. If we increase the size of the offering pursuant to Rule 462(b) under the Securities Act, we will effect 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).                                                                                                                                                                                                                                                                                                                                                                                                                                           
 We will issue 175,000 representative shares (or up to 201,250 ordinary shares if the underwriters’ over-allotment option is exercised in full) to A.G.P. (and/or its designees) as part of its underwriting compensation. The representative shares are identical to the public shares other