other_material
confidence high
sentiment neutral
materiality 0.60
Starry Sea Acquisition closes $57.5M IPO and $2.47M private placement; trust funded
STARRY SEA ACQUISITION CORP
- IPO of 5,750,000 units at $10/unit closed Aug 11, 2025; gross proceeds $57.5M.
- Simultaneous private placement of 247,121 units to sponsor raised $2.47M.
- $57.5M deposited into trust account; audited balance sheet provided.
- Company has 15 months from Aug 7, 2025 to complete initial business combination or liquidate.
- Cash outside trust: $816,060 for working capital; transaction costs $3.42M.
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