Company: SSEA
Filing Date: 2025-03-05
Form Type: DRS
Source: 0001829126-25-001469
Chunk: 266

Company: STARRY SEA ACQUISITION CORP
Filing Date: 2025-03-05
Form: DRS
Chunk 266
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 the public shares properly submitted in connection with a shareholder vote to amend the Company’s amended and restated memorandum and articles of association (A) to modify the substance or timing of the Company’s obligation to allow redemption in connection with the initial business combination or to redeem 100% of the Company’s public shares if the Company has not consummated an initial business combination within the completion window or (B) with respect to any other material provisions relating to shareholders’ rights or pre-initial business combination activity. The proceeds deposited in the Trust Account could become subject to the claims of the Company’s creditors, if any, which could have priority over the claims of the Company’s public shareholders.

<div align='center'>F-7</div>

The ordinary shares subject
to redemption will be recorded at a redemption value and classified as temporary equity upon the completion of the Proposed Public Offering,
in accordance with Accounting Standards Codification (“ASC”) Topic 480 “Distinguishing Liabilities from Equity.”
In such case, the Company will proceed with a Business Combination if the Company has net tangible assets of at least $5,000,001 upon
such consummation of a Business Combination and, if the Company seeks shareholder approval, we will obtain the approval of an ordinary
resolution under Cayman Islands law, which requires the affirmative vote of a majority of the shareholders who attended and voted at a
general meeting of the Company. The Company will have 12 months from the effective date of the registration statement on Form S-1 to consummate
its initial Business Combination. If the Company anticipates that it may be unable to consummate the initial Business Combination within
12 months, it may seek shareholder approval to amend its amended and restated memorandum and articles of association to extend the deadline
(“Extension Period”) by which it must complete the initial Business Combination (the “Combination Period”). If
the Company is unable to complete the initial Business Combination within the Combination Period, the Company will: (i) cease all operations
except for the purpose of winding up, (ii) as promptly as reasonably possible but not more than ten business days thereafter, redeem the
public shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account including interest
earned on the funds held in the Trust Account and not previously released to the Company for working capital purposes or to pay the Company’s
taxes (less up to $100,000 of interest to pay dissolution expenses), divided by the number of then