Company: SSEA
Filing Date: 2025-07-07
Form Type: S-1/A
Source: 0001829126-25-004904
Chunk: 285

Company: STARRY SEA ACQUISITION CORP
Filing Date: 2025-07-07
Form: S-1/A
Chunk 285
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 Founder Shares (as
defined in Note 5) except as described below, are identical to the ordinary shares included in the units being sold in this
offering, and holders of Founder Shares have the same shareholder rights as public shareholders, except that (a) the Founder Shares
are subject to certain transfer restrictions, as described in more detail below; (b) the Company’s initial shareholders have
entered into an agreement with the Company, pursuant to which they have agreed to (i) waive their redemption rights with respect to
their Founder Shares and private placement shares in connection with the completion of the initial Business Combination, (ii) waive
their redemption rights with respect to their Founder Shares, private placement shares and public shares held by them in connection
with a shareholder vote to approve an amendment to the Company’s second amended and restated memorandum and articles of
association (A) to modify the substance or timing of the Company’s obligation to provide for the redemption of the
Company’s public shares in connection with an initial business combination or to redeem 100% of the public shares if the
Company has not consummated the Company’s initial business combination within the timeframe set forth therein or (B) with
respect to any other provision relating to shareholders’ rights or pre-initial business combination activity, and (iii) to
waive their rights to liquidating distributions from the Trust Account with respect to their Founder Shares and private placement
shares if the Company fails to complete its initial business combination within 15 months from the effective date of the
registration statement on Form S-1 or during any extension period (although they will be entitled to liquidating distributions from
the Trust Account with respect to any public shares they hold if the Company fails to complete the Company’s initial business
combination within the prescribed time frame) and (c) are entitled to certain registration rights to provide for the resale of such
shares under the Securities Act. If the Company submits its initial Business Combination to its public shareholders for a vote, its
founder has agreed (and its permitted transferees will agree) to vote their Founder Shares, private placement shares and any public
shares purchased during or after this offering (including in open market and privately-negotiated transactions, aside from
shares they may purchase in compliance with the requirements of Rule 14e-5 under the Exchange Act, which would not be
voted in favor of approving the business combination transaction) in favor of its initial Business Combination. The other members of
the Company’s management team