Golden Star Acquisition said it adjusted the proposed deposit into trust that would be made if shareholders approve a deadline extension at the upcoming March 20 meeting.
The SPAC said the original $50,000 or 3.3 cents a share deposit offer is amended to the lesser of $75,000 or 3.3 cents a share per month.
The shareholder meeting has been postponed three times. The SPAC has said the delays were necessary “to allow additional time for the company to engage with its shareholders.”
Golden Star in September announced a merger agreement with Gamehaus, a mobile game publishing company, at a post-combination enterprise value of $500 million.
Source: Golden Star Amends Trust Offer for Deadline Extension
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- Source: https://spacfeed.com/golden-star-amends-trust-offer-for-deadline-extension
