Golden Star Acquisition today announced that it has cancelled the May 30 shareholders meeting to vote on a merger with Shanghai-based Gamehaus, a technology-driven mobile game publishing company that partners with small- and medium-sized game developers.
This week Gamehaus notified the SPAC that it received a notice from the China Securities Regulatory Commission (CSRC), requiring it to complete a filing under the Trial Administrative Measures of Overseas Securities Offering and Listing by Domestic Companies.
The merger agreement requires Gamehaus to receive approval from the CSRC, among other regulators.
The deal was announced in September at a post-combination enterprise value of $500 million.
Gamehaus says it 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.
