Company: SSEA
Filing Date: 2025-06-12
Form Type: S-1
Source: 0001829126-25-004429
Chunk: 74

Company: STARRY SEA ACQUISITION CORP
Filing Date: 2025-06-12
Form: S-1
Chunk 74
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 our shareholders may not support.

In order to effectuate a
business combination, blank check companies have, in the recent past, amended various provisions of their charters and governing
instruments. For example, blank check companies have amended the definition of business combination, increased redemption
thresholds, and extended the time to consummate a business combination. Amending our post-offering amended and restated memorandum
and articles of association will require at least a special resolution of our shareholders as a matter of Cayman Islands law,
meaning the approval by (1) holders of at least two-thirds of our ordinary shares who attend and vote at a general meeting of the
company, or (2) a unanimous written resolution of all of our shareholders. We cannot assure you that we will not seek to amend our
post-offering amended and restated memorandum and articles of association or governing instruments or extend the time to consummate
an initial business combination in order to effectuate our initial business combination. In addition, our post-offering amended and
restated memorandum and articles of association will require us to provide our public shareholders with the opportunity to redeem
their public shares for cash if we propose an amendment to our second amended and restated memorandum and articles of association
(A) that would modify the substance or timing of our obligation to provide holders of our public shares the right to have their
shares redeemed or repurchased in connection with our initial business combination or to redeem 100% of our public shares if we do
not complete our initial business combination within 15 months from the effective date of this registration statement or (B) with
respect to any other provision relating to the rights of holders of our public shares.

The ability of a large number of our shareholders to exercise redemption rights may not allow us to consummate the most desirable business combination or optimize our capital structure.

In connection with the successful consummation of our business combination, we may redeem up to that number of ordinary shares that would permit us to maintain net tangible assets of $5,000,001. If our business combination requires us to use substantially all of our cash to pay the purchase price, the redemption threshold may be further limited. Alternatively, we may need to arrange third party financing to help fund our business combination in case a larger percentage of shareholders exercise their redemption rights than we expect. If the acquisition involves the issuance of our shares as consideration, we may be required to issue a higher percentage of our shares to the target or its shareholders to make up for the failure to satisfy a