Golden Star Acquisition Wins Extension Fee Reduction, Loses $16.7M to Redemptions

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.

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