Global Star Acquisition Files Definitive Proxy for Special Meeting to Amend Charter-

Global Star Acquisition Inc. recently submitted a definitive extension proxy to the U.S. Securities and Exchange Commission, disclosing plans for a special meeting of its stockholders scheduled for November 27, 2024. The purpose of this “Special Meeting” is to propose amendments to the company’s charter and trust agreement.

The proposed changes include a reduction in the required payment and an extension of the deadline by which Global Star Acquisition must finalize a business combination. The original deadline of December 22, 2024, is now being extended until June 22, 2025. This extension includes the option for six one-month extensions, pending the deposit by the Sponsor (or its affiliates or permitted designees) of an amount equivalent to the lesser of $60,000 or $0.02 per share for each public share not redeemed during the Special Meeting.

It was noted that the definitive proxy card issued contained an error, offering a three-month extension instead of the intended six-month extension. Stockholders who had previously voted in favor of the three-month extension and have objections to the revised timeline are urged to reach out to the company’s proxy solicitor promptly for further assistance.

In case of any discrepancies or concerns regarding the proposed extension, stockholders can contact the proxy solicitor, Laurel Hill Advisory Group, providing the necessary details for clarification or changes. The contact information for Laurel Hill Advisory Group is as follows: 2 Robbins Lane, Suite 200, Jericho, NY 11753; Toll Free: 855-414-2266; Email: [email protected].

The company, in accordance with regulatory requirements, has signified the submission of this report through the duly authorized signature of Anthony Ang, the Chief Executive Officer of Global Star Acquisition Inc., dated November 22, 2024.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Global Star Acquisition’s 8K filing here.

About Global Star Acquisition

Global Star Acquisition, Inc does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2019 and is based in McLean, Virginia.