Every 10-Q that Starry Sea Acquisition Corp Unit (SSEAU) has filed with the SEC in the last 24 months is listed below, 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 SSEAU 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 SSEAU 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.
Starry Sea Acquisition Corp reported its first post‑IPO quarter. The SPAC completed its IPO on August 11, 2025, selling 5,000,000 units at $10.00 and the underwriter fully exercised the 750,000 over‑allotment, for total gross proceeds of $57.5 million. A simultaneous private placement added $2.47 million. As of September 30, 2025, cash and investments in the trust account were $57,823,484, and cash outside the trust was $238,025.
Q3 results reflected typical SPAC activity: interest earned on the trust of $323,479 and formation and operating costs of $253,090, yielding quarterly net income of $70,389. For the nine months, the company recorded a net loss of $36,715. Offering costs totaled $3,417,044, and ordinary shares subject to possible redemption were recorded at $50,846,117. On September 29, 2025, Starry Sea signed a non‑binding LOI with Forever Young International Limited, contemplating a pre‑money equity value of $750–$900 million, with consideration expected as rollover equity valued at $10 per share. As of October 24, 2025, 7,635,871 ordinary shares were outstanding.
Starry Sea Acquisition Corp Unit (SSEAU) completed a 5,000,000 Unit initial public offering at $10.00 per Unit, raising gross proceeds of $50,000,000, and the underwriter fully exercised a 750,000 Unit over-allotment on August 11, 2025, adding $7,500,000 to the Trust Account. The Sponsor purchased 247,121 Private Placement Units for $2,471,210. The company issued 1,437,500 Founder Shares for $25,000, of which portions transferred to officers and director nominees. As of June 30, 2025 the company reported a net loss of $107,104, cash of $1,000 held outside the Trust Account, a working capital deficit of $368,218, and no cash equivalents.
The sponsor advanced amounts that were repaid from offering proceeds, and a previously outstanding promissory note was repaid at IPO closing. The company must complete an initial business combination within 15 months from August 7, 2025 or liquidate and redeem public shares from the Trust Account. Management states that the mandatory liquidation if a business combination is not completed raises substantial doubt about the company’s ability to continue as a going concern until a business combination or liquidation occurs.