Company: SSEA
Filing Date: 2025-03-05
Form Type: DRS
Source: 0001829126-25-001469
Chunk: 255

Company: STARRY SEA ACQUISITION CORP
Filing Date: 2025-03-05
Form: DRS
Chunk 255
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 mementos in such quantities as A.G.P. may reasonably request; transfer taxes; transfer and right agent and registrar fees; and all reasonable out-of-pocket expenses incurred by A.G.P. in connection with its engagement, including, without limitation, any expenses and fees incurred by A.G.P.’s counsel, expenses incurred for background checks on the Company’s senior management and board of directors to be conducted by a background search firm acceptable to A.G.P., subject to a maximum amount of $70,000 in the event of a closing of this offering (the “Expense Cap”). Additionally, the Company agrees to pay A.G.P. a non-accountable expenses (“NAE”) equal to $25,000, provided that the sum of NAE and the amount of the reimbursement that the Company bears in connection with the proposed offering shall not exceed $70,000.

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Right of First Refusal

Subject to certain conditions, we granted A.G.P., for a period of twelve (12) months following the consummation of our initial business combination, an irrevocable right of first refusal to act as sole investment banker, sole book runner, and/or sole placement agent, at A.G.P.’s sole discretion, for each and every future public and private equity and debt offering, including all equity linked financings for us or any of our successors or subsidiaries. A.G.P. shall have the sole right to determine whether or not any other broker dealer shall have the right to participate in any such offering and the economic terms of any such participation. In accordance with FINRA Rule 5110(g)(6)(A), such right of first refusal shall not have a duration of more than three years from the effective date of the registration statement of which this prospectus forms a part.

Stabilization

In connection with the offering, the underwriters may purchase and sell units in the open market. Purchases and sales in the open market may include short sales, purchases to cover short positions, which may include purchases pursuant to the over-allotment option and stabilizing purchases, in accordance with Regulation M under the Exchange Act.

| ● | Short sales involve secondary market sales by the underwriters of a greater number of units than it is required to purchase in the offering. |

| ● | “Covered” short sales are sales of units in an amount up to the number of units represented by the underwriters’ over-allotment option. |

| ● | “Naked” short sales