Global Star Acquisition (NASDAQ: GLSTU) announced that it has issued an additional 1,200,000 units consisting of one share of Class A common stock, one redeemable warrant, and one right to receive one-tenth (1/10) of one share of Class A common stock, at the public offering price of $10.00 per share, for total gross proceeds of approximately $12 million, per the exercise in full of the underwriters’ over-allotment option in connection with the company’s previously announced public offering. Upon effect of the full exercise of the over-allotment option, Global Star Acquisition secured gross proceeds of approximately $92 million with a total number of 9,200,000 units issued by the company. EF Hutton (NASDAQ: EFHTU), division of Benchmark Investments LLC, served as sole book-running manager for the offering.
To view the full article, visit https://nnw.fm/lZObW
About Global Star Acquisition Inc.
The company is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. It has not selected any specific business combination target and has not, nor has anyone on its behalf, initiated any substantive discussions, directly or indirectly, with any business combination target. While the company may pursue an initial business combination target in any business or industry, it intends to focus its search on financial technology (“fintech”) and property technology (“proptech”) businesses that offer technology solutions, software, services or products to the financial services or real estate industries. The company intends to initially prioritize the Nordic region and Asia Pacific, especially Southeast Asia as its geographical focus. The company is led by its Chairman and Chief Executive Officer Anthony Ang, Chief Operating Officer Nicholas Khoo and Chief Financial Officer Shan Cui.
About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 888-902-4192 (U.S. Mobile Phones Only)
For more information please visit https://www.networknewswire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
NetworkNewsWire (NNW)
New York, New York
www.networknewswire.com
212.418.1217 Office
Editor@NetworkNewsWire.com
NetworkNewsWire is part of the InvestorBrandNetwork
