Global Star Acquisition, Inc. (GLSTU) Prices $80M IPO

Global Star Acquisition, Inc. priced its $80 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “GLSTU” Tuesday, September 20, 2022.

The new SPAC intends to focus its efforts on Fintech and Proptech businesses that offer technology solutions, broader technology software, services or products to the financial services or real estate industries. Global Star Acquisition, Inc. is led by CEO and Chairman Anthony Ang, COO Nicholas Khoo, and CFO Shan Cui.

Total SPAC deal count for 2022 year-to-date is now 76. This offering is expected to close on Thursday, September 22.

EF Hutton, division of Benchmark Investments, LLC is acting as the sole book running manager for the offering. Nelson Mullins Riley & Scarborough LLP is serving as Issuer’s Counsel with Mayer Brown serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.