Golden Star Acquisition Seeks Reduction in Monthly Extension Payments

Golden Star Acquisition in an 8-K said it will ask shareholders to vote Feb. 27 on a proposal to lower the SPAC's monthly extension deposits through February 2025.

The SPAC's sponsor on Feb. 2 deposited $230,000 into trust for additional month of operations.

The new propsoal 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 Seeks Reduction in Monthly Extension Payments