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Starry Sea Acquisition Corp (NASDAQ:SSEA) completed its initial public offering on Monday, raising gross proceeds of $57.5 million, according to a press release statement filed with the Securities and Exchange Commission.
The company offered 5,750,000 units at $10.00 per unit. Each unit consists of one ordinary share and one right to receive one-sixth of one ordinary share upon the completion of an initial business combination. The units began trading on the Nasdaq Stock Market under the symbol SSEAU. The ordinary shares and rights are also listed separately under the symbols SSEA and SSEAR, respectively.
As of Monday, $57,500,000 in net proceeds from the IPO and a concurrent private placement were deposited into a trust account managed by Odyssey Transfer and Trust Company for the benefit of public shareholders.
An audited balance sheet as of August 11, 2025, reflecting the receipt of proceeds from the IPO and private placement, has been issued by the company and included as an exhibit to the SEC filing.
Starry Sea Acquisition Corp is a blank check company incorporated in the Cayman Islands and organized to pursue a business combination. The information in this article is based on a press release statement included in the company’s SEC filing.
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