Golden Star Acquisition Postpones Extension Vote for the 4th Time

Golden Star Acquisition said in an 8-K the shareholders meeting set for March 20 to vote on an extension has been pushed to April 1. This is the fourth time the vote has been postponed.

The SPAC also further reduced the proposed monthly deposit to 2 cents a share if the extension is approved. That’s down from the 3.3 cents a share Golden Star proposed in an earlier amended proxy.

The SPAC has said the delays were necessary “to allow additional time for the company to engage with its shareholders.”

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

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