Company: SSEA
Filing Date: 2025-07-07
Form Type: S-1/A
Source: 0001829126-25-004904
Chunk: 78

Company: STARRY SEA ACQUISITION CORP
Filing Date: 2025-07-07
Form: S-1/A
Chunk 78
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 companies have entered into business combinations with special purpose acquisition companies, and there are still many special purpose acquisition companies seeking targets for their initial business combination, as well as many additional special purpose acquisition companies currently in registration. As a result, at times, fewer attractive targets may be available, and it may require more time, effort and resources to identify a suitable target for an initial business combination.

In addition, because there are more special purpose acquisition companies seeking to enter into an initial business combination with available targets, the competition for available targets with attractive fundamentals or business models may increase, which could cause target companies to demand improved financial terms. Attractive deals could also become scarcer for other reasons, such as economic or industry sector downturns, geopolitical tensions or increases in the cost of additional capital needed to close business combinations or operate targets post-business combination. This could increase the cost of, delay or otherwise complicate or frustrate our ability to find a suitable target for and/or complete our initial business combination.

We may not be able to complete an initial business combination with a U.S. target company since such initial business combination may be subject to U.S. foreign investment regulations and review by a U.S. government entity, such as the Committee on Foreign Investment in the United States (“CFIUS”), or ultimately prohibited.

Mr. Guojian Zhang, a
PRC resident and a non-U.S. person, hold all of the outstanding shares of our sponsor. Upon consummation of our offering and the
private placement, the sponsor, together with the Company’s executive officers and independent director nominees, will
collectively own approximately 22.26% of our issued and outstanding ordinary shares (assuming they do not purchase any units in this
offering and no over-allotment option is exercised). Certain companies requiring federally issued licenses in the United States,
such as broadcasters and airlines, may be subject to rules or regulations that limit foreign ownership. In addition, CFIUS is an
interagency committee authorized to review certain transactions involving foreign investment in the United States by foreign persons
in order to determine the effect of such transactions on the national security of the United States. Therefore, because we may be
considered a “foreign person” under such rules and regulations, we could be subject to foreign ownership restrictions
and/or CFIUS review if our proposed business combination is with a U.S. target company engaged in a regulated industry or which may
affect national security. The jurisdictional scope of CFIUS was expanded by the Foreign Investment