Golden Star Acquisition, after initially asking shareholders to approve lowering its monthly fee for deadline extensions, in an 8-K announced an “additional extension fee” to sweeten the pot. Today’s filing follows yesterday’s postponed shareholder meeting to vote on the extension plan. The meeting is now set for March 1.
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. The “additional extension fee” would add $20,000 a month to the trust deposit.
Golden Star in September announced a merger agreement with Gamehaus, a mobile game publishing company, at a post-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 gaming market with data-driven commercialization support and optimized game distribution solutions.
Golden Star’s trust currently stands at just over $72 million. Read more.
