Starry Sea swings to Q1 FY26 profit of $325,230
Starry Sea Acquisition Corp.
Starry Sea Acquisition Corp. SSEA | 0.00 |
- Starry Sea Acquisition posted net income of $325,230 for three months ended March 31, 2026, swinging from a net loss of $85,504 a year earlier.
- Interest income from investments held in trust climbed to $484,499, offset by formation and operating costs of $159,269.
- Cash and cash equivalents outside the Trust Account totaled $58,049 at March 31, 2026, with working capital of $219,797.
- Company entered a letter of intent on Sept. 29, 2025 for a proposed business combination with Forever Young International, valuing the target at about $750 million to $900 million pre-money, subject to due diligence.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Starry Sea Acquisition Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001829126-26-005196), on May 14, 2026, and is solely responsible for the information contained therein.
