Alpha Star Acquisition Corp

Form Type: DEF 14A

Filing Date: 2024-12-16

Corporate Action: Liquidation

Type: Update

Accession Number: 000149315224050123

Comments: The document entails a proxy statement for the Extraordinary General Meeting scheduled on December 27, 2024. It addresses the proposals to extend the deadline for consummating a business combination under the Trust Agreement and the Amended and Restated Memorandum and Articles of Association of Alpha Star Acquisition Corporation. Proposals include allowing for six additional one-month extensions, thus extending the deadline to June 15, 2025, and includes a requirement that a fee of $35,000 must be deposited into the trust account for each extension. It outlines the implications of not approving these proposals, where failure to complete a business combination by the extended date will trigger an automatic liquidation of the company and the redemption of public shares. Shareholders are given the option to redeem their shares for a pro rata portion of the trust account under certain conditions.

Document Link: View Document