Company: SSEA
Filing Date: 2025-06-12
Form Type: S-1
Source: 0001829126-25-004429
Chunk: 289

Company: STARRY SEA ACQUISITION CORP
Filing Date: 2025-06-12
Form: S-1
Chunk 289
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121 Private Units if the over-allotment option is exercised in full) at a price of $10.00 per Private Unit for an aggregate purchase price of $2,321,210, or $2,471,210, if the over-allotment option is exercised in full, in a private placement that will occur simultaneously with the closing of the Proposed Public Offering. Each Private Unit will consist of one ordinary share (“Private Share”) and one right to receive one-sixth (1/6) of an ordinary share upon the consummation of a Business Combination (“Private Right”). The proceeds from the Private Units will be added to the proceeds from the Proposed Public Offering to be held in the Trust Account. If the Company does not complete a Business Combination within the Combination Period, the proceeds from the sale of the Private Units will be used to fund the redemption of the Public Shares (subject to the requirements of applicable law), and the Private Units and all underlying securities will expire worthless.

Note 5 — RELATED PARTY TRANSACTIONS

Founder Shares

Pursuant to the Founder Share
Subscription Agreement dated February 14, 2025, the Sponsor agreed to purchase 1,437,500 founder shares (the “Founder Shares”)
for an aggregate price of $25,000, with a par value $0.0001. On February 14, 2025, 1,437,500 Founder Shares were issued to the Sponsor,
and subsequently an aggregate of 205,000 Founder Shares transferred from Sponsor to two executive officers and three independent director
nominees at nil consideration. Shares are presented on a retroactive basis.

<div align='center'>F-11</div>

As of March 31, 2025 and
December 31, 2024, there were 1,437,500 ordinary shares issued and outstanding, among which, up to 187,500 ordinary shares are
subject to forfeiture if the over-allotment option is not exercised in full or in part by the underwriters, so that the Sponsor,
together with the Company’s executive officers and independent director nominees, will collectively beneficially own 22.26% of
the Company’s issued and outstanding shares after the Proposed Public Offering (not including the shares underlying the rights
to be included in the public and public units and assuming it does not purchase any Public Shares in the Proposed Public
Offering).

The initial shareholders have agreed, not to transfer, assign or sell 100% of its Founder Shares until the