Golden Star Acquisition Hacks 40% Off Deal Size Ahead of $60M IPO

Golden Star Acquisition in an amended S-1 said it now plans to offer 6 million units at $10 each, down from the 10 million units the SPAC registered with the SEC in December 2021.

A unit now consists of one share and one right to receive two-tenths of a share completion of a merger. Warrants have been eliminated from the offering.

Golden Star’s focus is on businesses that have a connection to the Asian market. 

CEO and Chairman Linjun Guo is an international lawyer who since September 2019 has served as director of legal affairs in ENN Stock Corporation Limited and Xinzhiwolai Network Technology Limited.

Ladenburg Thalmann is sole book-runner.

Golden Star said it has applied to list on the Nasdaq under the symbol GODNU. Read more.

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