other material
confidence high
sentiment neutral
materiality 0.55
Starry Sea shareholders approve 12-month SPAC extension to Nov 2027; 3.9M shares redeemed
STARRY SEA ACQUISITION CORP
- Shareholders approved extending the combination deadline 12 times by one month, from Nov 7, 2026 to Nov 7, 2027, at the Oct 19, 2026 Extension Meeting.
- Monthly extension fee is the lesser of $60,000 or $0.033 per remaining public share; 3,895,270 ordinary shares were tendered for redemption.
- Proposal 1 (charter amendment) and Proposal 2 (trust amendment) each passed 5,197,330 to 1,209,656; adjournment passed 5,707,672 to 699,314.
- Record date Sept 16, 2026: 7,635,871 shares outstanding; 6,406,986 voted, 83.91%, constituting quorum.
- Trust amendment with Odyssey Transfer adds automatic redemption if sponsor fails to deposit an extension fee and the failure is uncured for 30 days.