Alpha Star Acquisition Corp. Faces Listing Rule Concerns
Ticker: ALSWF · Form: 8-K · Filed: Oct 4, 2024 · CIK: 1865111
Sentiment: neutral
Topics: delisting-risk, listing-rules, spac
TL;DR
Alpha Star Acquisition Corp. might be delisted - check listing rules!
AI Summary
Alpha Star Acquisition Corp. filed an 8-K on October 4, 2024, reporting events as of October 1, 2024. The filing indicates a potential delisting or failure to meet continued listing rules, and also includes financial statements and exhibits. The company is registered in the Cayman Islands and its principal executive offices are located at 100 Church Street, New York, NY.
Why It Matters
This filing signals potential issues with Alpha Star Acquisition Corp.'s continued listing on an exchange, which could impact its stock trading and investor confidence.
Risk Assessment
Risk Level: medium — The filing explicitly mentions 'Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard,' indicating a significant risk to the company's exchange listing.
Key Players & Entities
- Alpha Star Acquisition Corp. (company) — Registrant
- 0001493152-24-039478 (filing_id) — Accession Number
- October 1, 2024 (date) — Date of earliest event reported
- October 4, 2024 (date) — Filing Date
- 100 Church Street, 8th Floor, New York, NY 10007 (address) — Business and Mail Address
FAQ
What specific listing rule has Alpha Star Acquisition Corp. failed to satisfy?
The filing does not specify the exact listing rule that has been violated, only that a notice of delisting or failure to satisfy a continued listing rule has been issued.
What are the implications of a potential delisting for Alpha Star Acquisition Corp. shareholders?
A delisting could lead to reduced liquidity for the stock, potential trading on over-the-counter markets, and a decrease in share value.
When was the earliest event reported in this 8-K filing?
The earliest event reported is as of October 1, 2024.
What is the SIC code for Alpha Star Acquisition Corp.?
The Standard Industrial Classification (SIC) code listed is 6770, which corresponds to 'BLANK CHECKS'.
Where is Alpha Star Acquisition Corp. incorporated?
Alpha Star Acquisition Corp. is incorporated in the Cayman Islands.
Filing Stats: 1,084 words · 4 min read · ~4 pages · Grade level 16.1 · Accepted 2024-10-04 09:15:37
Key Financial Figures
- $0.001 — isting of one ordinary share, par value $0.001 , one redeemable warrant to purchase on
- $50,000,000 m — ties fail to comply with the minimum of $50,000,000 market value of listed securities ("Marke
- $50,000,000 — f Listed Securities must meet or exceed $50,000,000 for a minimum of ten consecutive busine
Filing Documents
- form8-k.htm (8-K) — 54KB
- ex99-1.htm (EX-99.1) — 9KB
- 0001493152-24-039478.txt ( ) — 303KB
- alsau-20241001.xsd (EX-101.SCH) — 4KB
- alsau-20241001_def.xml (EX-101.DEF) — 31KB
- alsau-20241001_lab.xml (EX-101.LAB) — 38KB
- alsau-20241001_pre.xml (EX-101.PRE) — 28KB
- form8-k_htm.xml (XML) — 8KB
Forward-looking statements are typically identified by words such as "plan," "believe," "expect,"
Forward-looking statements are typically identified by words such as "plan," "believe," "expect," "anticipate," "intend," "outlook," "estimate," "forecast," "project," "continue," "could," "may," "might," "possible," "potential," "predict," "should," "would" and other similar words and expressions, but the absence of these words does not mean that a statement is not forward-looking. The forward-looking statements are based on the current expectations of the Company's management and are inherently subject to uncertainties and changes in circumstances and their potential effects and speak only as of the date of such statement. There can be no assurance that future developments will be those that have been anticipated. These forward-looking statements involve a number of risks, uncertainties or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These factors include, without limitation, our ability to respond in a timely and satisfactory matter to the inquiries by Nasdaq, our ability to regain compliance with the Rule and our ability to become current with our reports with the SEC. For additional information about factors that could cause actual results to differ materially from those described in the forward-looking are inherently uncertain. Except to the extent required by applicable law, we do not undertake any obligation to update or revise forward-looking Item 9.01. Financial Statements and Exhibits. Exhibit Number Description of Exhibit 99.1 Press Release 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: October 4, 2024 ALPHA STAR ACQUISITION CORPORATION By: /s/ Zhe Zhang Name: Zhe Zhang Title: Chief Executive Officer