[Form 3] Starry Sea Acquisition Corp Unit Initial Statement of Beneficial Ownership
Yap Kong Wai filed an Initial Statement of Beneficial Ownership (Form 3) disclosing his relationship to Starry Sea Acquisition Corp and the securities he directly holds. The filing lists his roles as Director and Chief Financial Officer. The event requiring the statement occurred on 08/07/2025 and the form is signed on 08/20/2025. The report shows 40,000 ordinary shares beneficially owned in a direct (D) capacity. No derivative securities (options, warrants, convertible instruments) are reported. The filing includes a Cayman Islands address for the reporting person.
- Initial disclosure completed: The reporting person provided a signed Form 3 identifying personal holdings.
- Clear role identification: The filing states the reporting person is both a Director and Chief Financial Officer.
- Direct ownership quantified: 40,000 ordinary shares are reported as directly owned.
- None.
Insights
TL;DR: Director/CFO disclosed direct ownership of 40,000 ordinary shares; no derivatives reported.
The Form 3 documents the initial beneficial ownership for an officer who also serves as a director. The filing clearly states the reporting person's title and the exact number of ordinary shares held directly, which is the core disclosure requirement for an initial Section 16 filing. The form does not list any indirect holdings or derivative positions and provides a signature and date, completing the basic compliance elements visible in this document.
TL;DR: Initial ownership disclosure only; 40,000 shares held directly, no derivatives to assess dilution risk.
From an investor-disclosure perspective, this form supplies the primary facts needed to record an insider's equity stake: name, corporate role, event date, and the number of ordinary shares held directly. Because the filing contains only that single data point and lists no derivative instruments, there is limited immediate financial impact to analyze from this document alone.