Company: SSEA
Filing Date: 2025-03-05
Form Type: DRS
Source: 0001829126-25-001469
Chunk: 166

Company: STARRY SEA ACQUISITION CORP
Filing Date: 2025-03-05
Form: DRS
Chunk 166
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 target businesses, reviewing corporate documents and material agreements of prospective target businesses, selecting the target business to acquire and structuring, negotiating and consummating the business combination. Out of the funds available outside the trust account, we anticipate that we will incur approximately:

| ● | $200,000 of expenses for the legal, accounting and other third-party expenses attendant to the search for target businesses and to the due diligence investigations, structuring and negotiating of a business combination; |

| ● | $120,000 payment of administrative fee of $10,000 per month to STARRY SEA INVESTMENT LIMITED for up to 12 months from the effective date of this registration statement, for office space, utilities and secretarial and administrative support; |

| ● | $200,000 for Director and Officer liability insurance premiums; $75,000 for NASDAQ continued listing fees, and |

| ● | $75,000 for NASDAQ continued listing fees, |

| ● | $75,000 of expenses for legal and accounting fees relating to our SEC reporting obligations; and |

| ● | $30,000 for general working capital to cover miscellaneous expenses, general corporate purposes, liquidation obligations and reserves. |

If our estimates of the costs of undertaking in-depth due diligence and negotiating our initial business combination is less than the actual amount necessary to do so, or the amount of interest available to us from the trust account is less than we expect as a result of the current interest rate environment, we may have insufficient funds available to operate our business prior to our initial business combination. Moreover, we may need to obtain additional financing either to consummate our initial business combination or because we become obligated to redeem a significant number of our public shares upon consummation of our initial business combination, in which case we may issue additional securities or incur debt in connection with such business combination. Subject to compliance with applicable securities laws, we would only consummate such financing simultaneously with the consummation of our initial business combination. Following our initial business combination, if cash on hand is insufficient, we may need to obtain additional financing in order to meet our obligations.

Related Party Transactions

In February 2025, an aggregate of 1,437,500 initial shares were issued to our initial shareholders, for an aggregate purchase price of $25,000, or approximately $0.017 per share. The 1,437,500 initial shares include an aggregate of up to 187,500 shares that are subject to forfeiture by our sponsor to the extent that the underwriters’ over