STARRY SEA ACQUISITION CORP
For the period ended Mar 31, 2026. Filed May 14, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 14, 2026
What changed in Management’s Discussion and Analysis?
Read the current filingPrevious report: 10-Q
Period ended 2025-09-30; filed 2025-10-31.
0001829126-25-008684
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsCurrent report: 10-Q
Period ended 2026-03-31; filed 2026-05-14.
0001829126-26-005196
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 55 previous paragraphs and 55 current paragraphs.
51 unchanged; 4 reworded; 0 added; 0 removed; 0 previous and 0 current paragraphs rearranged.
Tables are not compared: 3 previous and 3 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Reworded paragraphs (4)
Previous wording
The operating costs incurred in the period from January 18, 2024 (inception) to September 30, 2025 consist primarily of approximately $367,168 of professional fees, insurance, costs and fees associated with our financial reporting, listing and other public company costs. We expect to incur increased expenses as a result of being a public company (for legal, financial reporting, accounting, and auditing compliance), as well as for due diligence expenses related to our initial business combination.
Current wording
The operating costs incurred in the period from January 18, 2024 (inception) to March 31, 2026 consist primarily of approximately $ 708,857 of professional fees, insurance, costs and fees associated with our financial reporting, listing and other public company costs. We expect to incur increased expenses as a result of being a public company (for legal, financial reporting, accounting, and auditing compliance), as well as for due diligence expenses related to our initial business combination.
Previous wording
For the three months ended September 30, 2025, we had net income of $70,389, which consisted of interest earned on cash held in the Trust Account of $323,479, partially offset by formation and operating costs of $253,090.
Current wording
For the three months ended March 31, 2026, we had net income of $325,230, which consisted of interest earned on cash held in the Trust Account of $484,499, partially offset by formation and operating costs of $159,269.
Previous wording
For the nine months ended September 30, 2025, we had a net loss of $36,715, which consisted of formation and operating costs of $360,194, partially offset by interest earned on cash held in the Trust Account of $323,479.
Current wording
For the three months ended March 31, 2025, we had a net loss of $85,504, which consisted of formation and operating costs of $85,504.
Previous wording
As of September 30, 2025, the Company had $282,083 in cash and cash equivalents held outside of the Trust Account and working capital of $561,487. For the three months ended September 30, 2025, we had a net income of $70,389, which consists of interest earned on cash held in the Trust Account of $323,479, partially offset by operating costs of $253,090. For the nine months ended September 30, 2025, we had a net loss of $36,715, which consisted of formation and operating costs of $360,194, partially offset by interest earned on cash held in the Trust Account of $323,479. The Company has incurred and expects to continue to incur significant professional costs to remain as a publicly traded company and to incur significant transaction costs in pursuit of the consummation of a Business Combination.
Current wording
As of March 31, 2026, the Company had $58,049 in cash and cash equivalents held outside of the Trust Account and working capital of $219,797. For the three months ended March 31, 2026, we had a net income of $325,230, which consists of interest earned on cash held in the Trust Account of $484,499, partially offset by operating costs of $159,269. For the three months ended March 31, 2025, we had a net loss of $85,504, which consisted of formation and operating costs of $85,504. The Company has incurred and expects to continue to incur significant professional costs to remain as a publicly traded company and to incur significant transaction costs in pursuit of the consummation of a Business Combination.