Global Star Acquisition priced its initial public offering of 8 million units at $10 each. Units list on the Nasdaq and began trading today under the ticker symbol GLSTU. Each consists of one share of Class A stock, a warrant and one right to receive one-tenth of a share.
Once the securities begin separate trading, shares, warrants and rights are expected to list under the symbols GLST, GLSTW and GLSTR, respectively.
Global Star intends to focus its search on Fintech and 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 SPAC is led by Chairman and CEO Anthony Ang, COO Nicholas Khoo, and CFO Shan Cui.
EF Hutton is sole book-running manager for the offering. Read more.
