STARRY SEA Acquisition CORP is seeking approval to extend its business-combination deadline from November 7, 2026, to November 7, 2027. Investors would vote on linked charter and trust amendments, with monthly funding set at the lesser of $60,000 or $0.033 per remaining public share.
Key Highlights
- The extraordinary meeting will take place at Torres & Zheng at Law, P.C. 450 Seventh Avenue, Suite 2104, New York.
- SSEA’s trust agreement with Odyssey Transfer and Trust Company is dated August 7, 2025.
- Shareholders will vote on October 9, 2026, on whether to extend the business-combination deadline to November 7, 2027.
Shareholders will vote on October 9, 2026, on whether to move the business-combination deadline from November 7, 2026, to November 7, 2027.
Charter and Trust Votes Set Combination Timeline
The first proposal would replace the existing charter with a third amended and restated version, allowing the combination period to continue through November 7, 2027. Each extension would cover one month. The second proposal would amend the trust arrangement and requires approval from at least 50% of SSEA (NASDAQ: SSEA)’s outstanding ordinary shares. The third proposal would authorise the chairman to postpone the extraordinary meeting when considered necessary or appropriate.
FAQs
Q: When would SSEA’s business-combination period end under the proposed extension?
A: SSEA’s business-combination period would end on November 7, 2027, under the proposed extension. The existing deadline is November 7, 2026.
Q: How much would SSEA deposit for each monthly extension?
A: The article states that each extension would cover one month. It does not specify how much SSEA would deposit for each extension.
Q: What approvals are required to extend SSEA’s combination period?
A: Extending SSEA’s combination period requires the charter amendment and the trust arrangement amendment to be approved. The trust proposal requires approval from at least 50% of SSEA’s outstanding ordinary shares.
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