Amendment: Global Star Acquisition Inc. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders, Financial Statements and Exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
Amendment No. 1
CURRENT REPORT
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Explanatory Note
Global Star Acquisition Inc. (“Global Star”), a Delaware corporation, is filing this Amendment No. 1 to Current Report on Form 8-K/A (“Amendment No. 1”) as an amendment to the Current Report on Form 8-K filed by the Company with the U.S. Securities and Exchange Commission on February 7, 2025 (the “Initial Form 8-K”), in order to amend the trust price per share, the redemption payments total, the net trust balance after redemptions and the shares remaining after redemption. This Amendment No. 1 should be read in conjunction with the Initial Form 8-K. Except as set forth herein, no modifications have been made to the information contained in the Initial Form 8-K, and the Company has not updated any information contained therein to reflect events that have occurred since the date of the Initial Form 8-K filing.
Item 5.07. Submission of Matters to a Vote of Security Holders.
In connection with the vote to approve the Proposals, as of the date of this Current Report on Form 8-K, the holders of 340,832 Class A ordinary shares of Global Star properly exercised their right to redeem their shares for cash at a redemption price of approximately $11.52 per share, for an aggregate redemption amount of approximately $3,927,114.58. As a result, following satisfaction of such redemptions as of the date of this Current Report on Form 8-K, Global Star will have 40,043 Class A ordinary shares outstanding and the balance in the Trust Account would be approximately $461,381.00. The final redemption payment amount and the balance in the Trust Account is subject to approximately $12,000 tax withdrawal. Global Star may, but is not required to, accept additional redemption reversals submitted by shareholders until closing of the Business Combination. To the extent that Global Star accepts any such reversals, the number of shares not redeemed and cash remaining in the Trust Account may increase.
Item 9.01. Financial Statements and Exhibits.
| Exhibit No. | Description of Exhibits | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
| 1 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Global Star Acquisition Inc. | ||
| Date: February 11, 2025 | By: | /s/ Anthony Ang |
| Anthony Ang | ||
| Chief Executive Officer | ||
| 2 |