Company: SSEA
Filing Date: 2025-06-12
Form Type: S-1
Source: 0001829126-25-004429
Chunk: 95

Company: STARRY SEA ACQUISITION CORP
Filing Date: 2025-06-12
Form: S-1
Chunk 95
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 buyout funds and operating businesses competing for acquisitions. Many of these entities are well established and have extensive experience in identifying and effecting business combinations directly or through affiliates. Many of these competitors possess greater technical, human and other resources than we do, and our financial resources will be relatively limited when contrasted with those of many of these competitors. While we believe that there are numerous potential target businesses that we could acquire with the net proceeds of this offering, our ability to compete in acquiring certain sizable target businesses will be limited by our available financial resources. This inherent competitive limitation gives others an advantage in pursuing the acquisition of certain target businesses. Furthermore, seeking shareholder approval of a business combination may delay or prevent the consummation of a transaction, a risk a target business may not be willing to accept. Additionally, our outstanding rights, and the future dilution they potentially represent, may not be viewed favorably by certain target businesses. Any of the foregoing may place us at a competitive disadvantage in successfully negotiating a business combination.

Our initial shareholders control a substantial interest in us, and thus may influence certain actions requiring a shareholder vote, potentially in a manner that you do not support.

Upon consummation of our
offering and the private placement, our initial shareholders will own approximately 22.26% of our issued and outstanding ordinary shares
(assuming the sponsor does not purchase any units in this offering and no over-allotment option is exercised). Accordingly, they may
exert a substantial influence on actions requiring a shareholder vote, potentially in a manner that you do not support, including amendments
to our memorandum and articles of association. None of our officers, directors, initial shareholders or their affiliates has indicated
any intention to purchase units in this offering or any units or ordinary shares from persons in the open market or in private transactions
(other than the private units). However, if our initial shareholders purchase any units in this offering or if our officers, directors,
initial shareholders or their affiliates determine in the future to make such purchases in the open market or in private transactions,
to the extent permitted by law, in order to assist us in consummating our initial business combination, this will increase their control.
Factors that would be considered in making such additional purchases would include consideration of the then trading price of our ordinary
shares. In connection with any vote for a proposed business combination, all of our initial shareholders, as well as all of our officers
and directors, have agreed to vote their initial shares, private shares and any public shares acquired in or after this