Alpha Star Acquisition announced that it received a notice of non-compliance from the nasdaq for not filing a 10-K for the period ended Dec. 31 or a 10-Q for the period ended March 31, 2024.
The SPAC has 60 days to submit a plan to regain compliance. Alpha Star said it expects to file the reports within the 60-day period , which would eliminate the need for the company to submit a formal plan to regain compliance.
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 a proxy filing last month 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 in the proxy reported 8,948,580 outstanding shares, including 5,743,580 outstanding public shares. Read more.
Source: Alpha Star Acquisition on Notice by Nasdaq for Late Reports
- SEO Powered Content & PR Distribution. Get Amplified Today.
- PlatoData.Network Vertical Generative Ai. Empower Yourself. Access Here.
- PlatoAiStream. Web3 Intelligence. Knowledge Amplified. Access Here.
- PlatoESG. Carbon, CleanTech, Energy, Environment, Solar, Waste Management. Access Here.
- PlatoHealth. Biotech and Clinical Trials Intelligence. Access Here.
- Source: https://spacfeed.com/alpha-star-acquisition-on-notice-by-nasdaq-for-late-reports
