Starry Sea Acquisition Corp. is a special purpose acquisition company formed to identify and acquire an established business with strong cash flow, predictable revenue streams, and defensible market positions. The company raises capital through a public offering and holds those proceeds in trust while searching for a suitable target business to merge with, aiming to bring a private company public through the business combination process. The company generates revenue by identifying acquisition opportunities and facilitating the merger, with the combined entity inheriting the revenue streams and operations of the acquired business; public shareholders can redeem their shares at cost if they do not approve the proposed business combination, and the company must complete an acquisition within a specified timeframe or liquidate and return capital to shareholders.
| USD millions | FY2025 |
|---|---|
| Net Income | 0 |