Alpha Star Acquisition Corporation Announces to Extend Deadline to Consummate Business Combination
October 14 2022 - 4:05PM
Alpha Star Acquisition Corporation (the “Company” or “Alpha Star”)
(NASDAQ: ALSA) (the “Company”) today announced that the Company has
deposited into the Company's trust account (the "Trust Account") an
aggregate of $383,333, representing $0.033 per public share of the
Company, in order to extend the period of time the Company has to
consummate a business combination by one month to November 15,
2022.
The Sponsor plans to extend such period of time additional ten
times to complete its initial business combination as necessary,
each by an additional one months, up to September 15, 2023, by
depositing an additional $383,333 into the Trust Account each
month, representing an additional $0.033 per public share per month
in connection with such additional monthly extension.
About Alpha Star Acquisition Corporation
The Company is a blank check company incorporated as a Cayman
Islands exempted company and formed for the purpose of effecting a
merger, share exchange, asset acquisition, share purchase,
reorganization or similar business combination with one or more
businesses. While the Company may pursue an acquisition opportunity
in any industry or sector, the Company intends to focus on
businesses that have a connection to the Asian market.
Forward-Looking Statements
This press release contains statements that constitute
“forward-looking statements”. Forward-looking statements are
subject to numerous conditions, many of which are beyond the
control of the Company, including those set forth in the Risk
Factors section of the Company’s registration statement and
prospectus for the offering filed with the Securities and Exchange
Commission (“SEC”). Copies are available on the SEC’s website,
www.sec.gov. The Company undertakes no obligation to update these
statements for revisions or changes after the date of this release,
except as required by law.
Contact
Zhe Zhang Chief Executive Officerzhe.zhang@swgt.co.uk
Alpha Star Acquisition (NASDAQ:ALSA)
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