Company: SSEA
Filing Date: 2025-04-11
Form Type: DRS/A
Source: 0001829126-25-002569
Chunk: 203

Company: STARRY SEA ACQUISITION CORP
Filing Date: 2025-04-11
Form: DRS/A
Chunk 203
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writers’ over-allotment option is exercised), and [two] independent director nominees and [one] executive officer hold an aggregate of [120,000] ordinary shares with 40,000 ordinary shares for each of them (see “Principal Shareholders” of this prospectus for more information). 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). |
| (2) | Our sponsor paid $25,000 for an aggregate of 1,437,500 ordinary shares, and it subsequently transferred an aggregate of [120,000] ordinary shares to [one] executive officer and [two] independent director nominees at nil consideration.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |

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Other SPAC Experience

One of our independent director appointees, Mr. Markscheid, served as a director for Monterey Capital Acquisition Corp. from December 2021 until its business combination with ConnectM Technology Solutions, Inc. in July 2024. Mr. Markscheid has continued to serve as the director of the post-combination entity, ConnectM Technology Solutions, Inc., a clean energy solutions provider, since July 2024. He also served as a director of Tristar Acquisition I Corp. from August 2023 until its business combination with Helport Limited in August 2024, at which point he resigned as a director of the company. Mr. Markscheid has also served of as an independent director of Shepherd Ave Capital Acquisition Corporation (Nasdaq: SPHA) since December 2024, Four Leaf Acquisition Corp. (Nasdaq: FORL) since July 2022, and Charlton Aria Acquisition Corp. (Nasdaq: CHAR) since October 2024, three SPACs currently in search of a target for business combination or on the process of business combination.

Other than the foregoing, none of our management has been or is currently involved in any other SPACs. Our officers and directors are not required to commit their full time to our affairs and will allocate their time to other businesses, and the collective experience of our officers