Starry Sea Acquisition, a blank check company led by Chinese executives, filed on Thursday with the SEC to raise up to $50 million in an initial public offering.
The company plans to raise $50 million by offering 5 million units at $10. Each unit consists of one share of common stock and one right to receive one-sixth of a share upon the completion of an initial business combination.
Starry Sea Acquisition is led by CEO and Chair Yan Liang, who most recently served as the Finance Director for BaiXing.com. The SPAC has not selected a target industry or geography, but plans to focus on established businesses with long-term financial visibility and defensible market positions, among other characteristics.
The Albany, NY-based company was founded in 2024 and plans to list on the Nasdaq under the symbol SSEAU. Starry Sea Acquisition filed confidentially on March 5, 2025. A.G.P. is the sole bookrunner on the deal.
