Corporate ActionOct 21, 2026, 06:07 AM
STARRY SEA ACQUISITION CORP Extends Business Combination Deadline to Nov 2027
AI Summary
STARRY SEA ACQUISITION CORP announced that its shareholders approved amendments to extend the deadline for completing a business combination. The company entered into an amendment to its Investment Management Trust Agreement, allowing for up to twelve additional one-month extensions, pushing the deadline to November 7, 2027. Shareholders also approved the adoption of the Third Amended and Restated Memorandum and Articles of Association. In connection with the shareholder meeting, approximately 3.89 million shares were redeemed, and the company will pay a monthly extension fee of $60,000 for each extension.
Key Highlights
- STARRY SEA ACQUISITION CORP shareholders approved extending the business combination deadline to November 7, 2027.
- The company entered into an amendment to its Investment Management Trust Agreement to facilitate the extension.
- Shareholders approved the adoption of the Third Amended and Restated Memorandum and Articles of Association.
- Approximately 3.89 million ordinary shares were tendered for redemption in connection with the extension meeting.
- The monthly extension fee will be $60,000 per month for each one-month extension.
Price Impact
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