Company: SSEA
Filing Date: 2025-07-07
Form Type: S-1/A
Source: 0001829126-25-004904
Chunk: 178

Company: STARRY SEA ACQUISITION CORP
Filing Date: 2025-07-07
Form: S-1/A
Chunk 178
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 our initial business combination if the funds available to us outside of the trust account were insufficient to cover such expenses.

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Over the next 15 months, we will be using the funds held outside of the trust account for identifying and evaluating prospective acquisition candidates, performing business due diligence on prospective target businesses, traveling to and from the offices, plants or similar locations of prospective target businesses, reviewing corporate documents and material agreements of prospective target businesses, selecting the target business to acquire and structuring, negotiating and consummating the business combination. Out of the funds available outside the trust account, we anticipate that we will incur approximately:

| ● | $200,000 of expenses for the legal, accounting and other third-party expenses attendant to the search for target businesses and to the due diligence investigations, structuring and negotiating of a business combination; |

| ● | $150,000 payment of administrative fee of $10,000 per month to STARRY SEA INVESTMENT LIMITED for up to 15 months from the effective date of this registration statement, for office space, utilities and secretarial and administrative support; |

| ● | $200,000 for Director and Officer liability insurance premiums; $75,000 for NASDAQ continued listing fees, and |

| ● | $75,000 for NASDAQ continued listing fees, |

| ● | $75,000 of expenses for legal and accounting fees relating to our SEC reporting obligations; and |

| ● | $30,000 for general working capital to cover miscellaneous expenses, general corporate purposes, liquidation obligations and reserves. |

If our estimates of the costs of undertaking in-depth due diligence and negotiating our initial business combination is less than the actual amount necessary to do so, or the amount of interest available to us from the trust account is less than we expect as a result of the current interest rate environment, we may have insufficient funds available to operate our business prior to our initial business combination. Moreover, we may need to obtain additional financing either to consummate our initial business combination or because we become obligated to redeem a significant number of our public shares upon consummation of our initial business combination, in which case we may issue additional securities or incur debt in connection with such business combination. Subject to compliance with applicable securities laws, we would only consummate such financing simultaneously with the consummation of our initial business combination. Following our initial business combination, if cash on hand is insufficient, we may need to obtain additional financing in order to meet our obligations.

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