Golden Star Acquisition in a regulatory filing said shareholders approved the SPAC’s request to reduce its monthly extension payments from 3.3 cents a share to 2 cents per share.
The SPAC received pushback from shareholders with 2,269,016 shares voting against the measure and 4,244,838 in support.
Redemptions of nearly $16.7 million removed about 18% of the trust.
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.
