Starry Sea Acquisition Corp, a blank check company, reported a net income of $320,643 for the fiscal year ended December 31, 2025, a significant shift from the $6,974 net loss incurred during the period from its inception on December 5, 2024, to December 31, 2024. This income was primarily driven by $863,257 in interest earned on cash held in the company's trust account, offset by $542,614 in formation and operating costs. The company, formed to pursue a merger, share exchange, asset acquisition, or similar business combination, has not yet commenced revenue-generating operations.
As of December 31, 2025, Starry Sea Acquisition Corp held $58.36 million in a trust account and reported total assets of $58.74 million. The company's working capital stood at $379,066. The company's financial structure includes 5,750,000 ordinary shares subject to possible redemption, valued at $52.98 million. The company's financial activities have been focused on organizational efforts, preparation for its initial public offering (IPO), and identifying a potential target for a business combination.
A key strategic development occurred on September 29, 2025, when Starry Sea Acquisition Corp entered into a letter of intent with Forever Young International Limited, a health industry operator based in China. The proposed business combination aims to acquire Forever Young, with an estimated pre-money equity value ranging from $750 million to $900 million. The consideration is expected to be comprised of rollover equity to Forever Young’s shareholders in the form of ordinary shares of the post-closing publicly-listed entity, each valued at $10 per share. The parties have entered into a period of exclusivity to negotiate the acquisition.
As of March 27, 2026, the company had 7,635,871 ordinary shares outstanding, assuming all units have been separated. The company's units are traded on The Nasdaq Capital Market under the symbol "SSEAU," while the ordinary shares and rights began separate trading on October 2, 2025, under the symbols "SSEA" and "SSEAR," respectively. The company's future performance is contingent upon its ability to identify and complete a business combination, with a deadline of 15 months from the closing of the IPO.
About STARRY SEA ACQUISITION CORP
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