Golden Star Acquisition in an 8-K said its sponsor deposited $106,068 into trust to move the SPAC’s deadline back to June. This follows shareholder approval last month of an amendment to lower the required monthly deposit from $230,000.
Golden Star in September announced a merger agreement with Gamehaus, a mobile game publishing company, at a post-combination enterprise value of $500 million.
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 raised $60 million in an IPO a year ago this month. Read more.
