Golden Star Acquisition Delays Vote on Reducing Monthly Trust Contributions

Golden Star Acquisition in an 8-K said today's shareholder meeting has been pushed to March 1 at 10 a.m. Eastern. Shareholders are expected to vote on the SPAC's proposal to lower its monthly extension deposits through February 2025. The SPAC said it will use the additional time “to engage with its shareholders.”

Golden Star's sponsor on Feb. 2 deposited $230,000 into trust for one additional month of operations.

The new proposal would reduce the monthly payment to the lesser of $50,000 a month or 3.3 cents a share.

Golden Star in September announced a merger agreement with Gamehaus, a mobile game publishing company, at a -combination enterprise value of $500 million.

If approved, Gamehaus would list on the Nasdaq.

Shanghai-based Gamehaus is a technology-driven mobile game publishing company that partners with small- and medium-sized game developers. Gamehaus helps developers stay competitive in the global market with data-driven commercialization support and optimized game distribution solutions. Read more.


Source: Golden Star Acquisition Delays Vote on Reducing Monthly Trust Contributions