Global Star Acquisition, Inc.
GLSTU
NASDAQ Global Market5.05
USD
+2.04
- -
Global Star Acquisition, Inc.
GLSTU
(NASDAQ Global Market)
Recent
price
5.05
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- Global Star Acquisition, Inc. operates as a special purpose acquisition company (SPAC) focused on effecting mergers, capital stock exchanges, asset acquisitions, stock purchases, reorganizations, or similar business combinations primarily targeting the fintech and proptech sectors in the Nordic region and Asia Pacific, with an emphasis on Southeast Asia. Incorporated in 2019 and headquartered in McLean, Virginia, the company does not have significant operations of its own but acts as a vehicle for business combinations. Its core business activity includes identifying and executing a business combination with companies that have substantial revenue and earnings growth potential, strong free cash flow generation, and enterprise values typically ranging from $120 million to $2 billion. The company raised $80 million in its initial public offering in September 2022, trading under ticker symbols GLST, GLSTU, and GLSTW on Nasdaq before transitioning trading to the OTC Markets in March 2025 following a Nasdaq delisting notification. A major recent development includes Global Star's agreement to merge with K Enter Holdings Inc. in a reverse merger transaction completed by mid-2025, which will result in K Enter becoming a public company listed on Nasdaq, marking a significant strategic shift and expansion of Global Star's business operations under new leadership. This combination aligns with Global Star's strategy of leveraging its position as a SPAC to facilitate growth in targeted sectors and geographies, backed by experienced management including CEO Anthony Ang. The company has also undertaken corporate governance enhancements, including new board appointments to support its merger and acquisition activities and plans for further business combination opportunities within its geographic and sector focus. Global Star Acquisition, Inc. is a subsidiary of Global Star Acquisition 1 LLC and operates with strategic priorities centered on scalable growth opportunities in fintech and proptech across Asia and the Nordic region.
Global Star Acquisition Inc. and K Enter Holdings Inc. Finalize Business Combination
Global Star Acquisition Inc. Commences Trading on the OTC Markets
Global Star Acquisition Inc. and K Enter Holdings Inc. Announce the Form F-4 Registration Statement for Their Proposed Business Combination has been Declared Effective
Global Star Acquisition Inc. and K Enter Announce Public Filing of Registration Statement on Form F-4 in Connection with Proposed Business Combination
Global Star Acquisition Inc. Announces Stockholder Approval of Extension of Deadline to Complete Business Combination