Starry Sea Acquisition Corp. Identifies Target, Announces Binding Letter of Intent for a Business Combination with Forever Young International Limited. [Yahoo! Finance]
Starry Sea Acquisition Corp - Unit (SSEAU)
Company Research
Source: Yahoo! Finance
NEW YORK Sept. 29, 2025 /PRNewswire/ -- Starry Sea Acquisition Corp. ("SSEA") (NASDAQ: SSEA ), a publicly traded special purpose acquisition company, today announced the signing of a binding letter-of-intent ("LOI") for a proposed business combination with Forever Young International Limited. ("Forever Young" or the "Company"), a company engaged in the health industry that provides management and support services to medical institutions in China. The Transaction SSEA and Forever Young have agreed to use reasonable best efforts to negotiate and execute a definitive agreement as soon as practicable. Pursuant to the LOI, the parties contemplate that the pre-money equity value ascribed to Forever Young will be in the range of approximately USD 750 million to USD 900 million, subject to confirmatory due diligence by both parties. The consideration is expected to be comprised of rollover equity to Forever Young's shareholders in the form of ordinary shares of the post-closing publicl
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