Alpha Star Acquisition Corporation Announces the Separate Trading of its Ordinary Shares, Rights and Warrants Commencing Tuesday, January 18, 2022
January 14 2022 - 8:30AM
Alpha Star Acquisition Corporation (Nasdaq: ALSAU) (the “Company”)
announced that, commencing Tuesday, January 18, 2022, holders of
the units sold in the Company’s initial public offering of
11,500,000 units (the “Units”) may commence separate trading of the
underlying component securities. Each Unit consists of one ordinary
share, par value $0.001 per ordinary share (“Share”), one
redeemable warrant (“Warrant”) entitling its holder to purchase
one-half (1/2) of one Share at a price of $11.50 per Share, and one
right to receive one-seventh (1/7) of one Share upon the
consummation of the Company’s initial business combination.
Those units not separated will continue to trade on the Global
tier of the Nasdaq Stock Market (“Nasdaq”) under the symbol
“ALSAU.”
The ordinary shares, rights and warrants that are separated will
trade on Nasdaq under the symbols “ALSA,” “ALSAR” and “ALSAW,”
respectively. Holders of units will need to have their securities
brokers contact Vstock Transfer LLC at 18 Lafayette Place,
Woodmere, New York 11598, the Company’s transfer agent, in order to
separate the units into ordinary shares, rights and warrants.
The units were initially offered by the Company in an
underwritten offering through Ladenburg Thalmann & Co. Inc.,
which acted as the book running manager for the offering and as the
representative of the underwriters in the offering, and Brookline
Capital Markets, a division of Arcadia Securities, LLC, acted as
co-manager for the offering. A registration statement relating to
the units and the underlying securities was declared effective by
the Securities and Exchange Commission (the “SEC”) on December 13,
2021. Copies of the registration statement can be accessed through
the SEC's website at www.sec.gov.
About Alpha Star Acquisition Corporation
Alpha Star Acquisition Corporation a newly organized blank check
company formed under the laws of the Cayman Islands for the purpose
of effecting a merger, capital stock exchange, asset acquisition,
stock purchase, reorganization or similar business combination with
one or more businesses.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy the securities of the Company, nor
shall there be any sale of these securities in any state or
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction. The offering was
made only by means of a prospectus, copies of which may be obtained
by contacting Ladenburg Thalmann & Co., Inc. at 640 5th Ave.,
4th Floor, New York, NY 10019; telephone number:
1-800-573-2541, e-mail: prospectus@ladenburg.com.
Forward Looking Statements
This press release includes forward-looking statements that
involve risks and uncertainties. Forward looking statements are
statements that are not historical facts. Such forward-looking
statements, including the successful consummation of the Company's
initial public offering, are subject to risks and uncertainties,
which could cause actual results to differ from the forward-looking
statements. The Company expressly disclaims any obligations or
undertaking to release publicly any updates or revisions to any
forward-looking statements contained herein to reflect any change
in the Company's expectations with respect thereto or any change in
events, conditions or circumstances on which any statement is
based.
Company Contacts:
Mr. Zhe ZhangChief Executive OfficerAlpha Star Acquisition
Corporation80 Broad Street, 5th FloorNew York, New York
10004Tel.: (212) 837-7977Email: zhe.zhang@swgt.co.uk
Source: Alpha Star Acquisition Corporation
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