Starry Sea Acquisition net income rises to $109,502 in Q2 FY26 - SSEA News | RalliesStarry Sea Acquisition net income rises to $109,502 in Q2 FY26
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SSEA• Balance sheet and deal update
- Cash outside the trust account was $6,081 at June 30, 2026, with a working capital deficit of $158,336.
- Starry Sea said it will not proceed with a proposed deal for Forever Young after its letter of intent expired on Jan. 12, 2026.
Quarterly and six-month results
- Starry Sea Acquisition posted net income of $109,502 for the three months ended June 30, 2026, on $487,635 of trust interest.
- Formation and operating costs totaled $378,133 in the quarter, while the company reported no revenue as it continues searching for a deal.
- Six-month net income rose to $434,732, supported by $972,134 of interest income, partly offset by $537,402 of costs.
