Golden Star Postpones Extension Vote for 3rd Time

Golden Star Acquisition said today's shareholder meeting, which was rescheduled, has now been pushed to March 20 “to allow additional time for the company to engage with its shareholders.” This is the third postponement. Shareholders are being asked to approve a deadline extnsion.

The SPAC is offering to deposit the lesser of $50,000 or 3.3 cents a share into trust for each month required up to February 2025. Earlier this week, Golden Star offered to sweeten the proposal with an “additional extension fee,” which would add another $20,000 a month to the trust.

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


Source: Golden Star Postpones Extension Vote for 3rd Time