Alpha Star Acquisition in a proxy filing said it will seek shareholder approval to push its completion deadline to December, while reducing the monthly extension fee to $35,000 from the current $70,000.
The SPAC raised $100 million in a December 2021 IPO with plans to focus on acquiring a business in Asia, although the company has not specified any sectors.
Alpha Star in the proxy reported 8,948,580 outstanding shares, including 5,743,580 outstanding public shares. Read more.
