Alpha Star Acquisition Corp. (ALSAU) Prices $100M IPO
by Marlena Haddad on 2021-12-13 at 1:06pm

Alpha Star Acquisition Corp. announced the pricing of its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ALSAU” Monday, December 13.

The new SPAC intends to focus on middle-market growth businesses that have a connection to the Asian markets and a total enterprise value of between $300 million and $600 million. Alpha Star is led by Chairman and CEO Zhe Zhang, and CFO Goujian Chen.

Total SPAC deal count for 2021 year-to-date is now 593. This offering is expected to close on Wednesday, December 15.


Ladenburg Thalmann & Co. Inc. is acting as the sole bookrunner and the representative of the underwriters in the offering. Brookline Capital Markets, a division of Arcadia Securities, LLC is acting as co-manager of the offering. Becker & Poliakoff LLP is serving as Issuer’s Counsel with Kramer Levin Naftalis & Frankel LLP serving as Underwriter’s Counsel. UHY LLP serves as auditor. Wilmington Trust, National Association is acting as trustee.

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