DealsMay 18, 2026, 03:01 PM
Starry Sea Acquisition Corp. Terminates Business Combination LOI
AI Summary
Starry Sea Acquisition Corp. reported that its Letter of Intent (LOI) for a proposed business combination with Forever Young International Limited expired on January 12, 2026. The exclusivity period set forth in the LOI concluded without the execution of any definitive agreements. Consequently, the company has decided not to proceed with the proposed business combination.
Key Highlights
- Starry Sea Acquisition Corp. announced the expiration of its Letter of Intent (LOI) with Forever Young International Limited.
- The LOI for a proposed business combination expired on January 12, 2026, after the exclusivity period ended.
- No definitive agreements were executed between the parties.
- The company does not intend to proceed with the proposed business combination.
- The initial LOI was disclosed on September 29, 2025.
Price Impact
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