Here are the 10-Q quarterly reports from Starry Sea Acquisition Corp Rights (SSEAR) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow SSEAR and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SSEAR filings page.
Starry Sea Acquisition Corp., a Cayman Islands SPAC, reported June 30, 2026 total assets of $59.4 million, including $59.3 million of cash and investments held in its Trust Account, funded mainly by its August 2025 IPO of 5,750,000 public units at $10.00 each plus a private placement to the sponsor.
For the quarter, it recorded net income of $109,502, driven by $487,635 of interest on Trust Account assets, offset by $378,133 of formation and operating costs. For the first six months of 2026, net income was $434,732 on operating costs of $537,402 and Trust interest of $972,134.
The SPAC held only $6,081 of cash outside the Trust Account and a working capital deficit, funding operations via a related-party promissory note with $198,432 outstanding. Management states that failure to complete a business combination within the 15‑month combination period would trigger redemption of public shares and liquidation, and has concluded this timing condition raises substantial doubt about the company’s ability to continue as a going concern.
Starry Sea Acquisition Corp, a Cayman Islands SPAC, reported first-quarter 2026 net income of $325,230, mainly from interest on its trust investments. Formation and operating costs were $159,269, while interest earned on the trust account reached $484,499.
Total assets were $59,089,359 as of March 31, 2026, including $58,847,762 held in the trust account and $58,049 of cash outside the trust. There were 5,750,000 public ordinary shares subject to redemption and 1,885,871 non-redeemable ordinary shares outstanding.
The SPAC completed its IPO in August 2025, raising $57.5M in gross proceeds and a $2.47M private placement. It has 15 months from August 7, 2025 to complete a business combination. Starry Sea signed a non-binding letter of intent with Forever Young International Limited, contemplating a pre-money equity value between $750M and $900M, paid in rollover equity valued at $10 per share.