Alpha Star Acquisition Corp. Faces Delisting Notice
Ticker: ALSWF · Form: 8-K · Filed: Dec 20, 2024 · CIK: 1865111
Sentiment: bearish
Topics: delisting, listing-rule, spac
Related Tickers: ALSAU
TL;DR
Alpha Star Acquisition Corp. got a delisting notice. Big trouble for ALSAU holders.
AI Summary
Alpha Star Acquisition Corp. filed an 8-K on December 20, 2024, to report a notice of delisting or failure to satisfy a continued listing rule. The company, with its principal executive offices at 100 Church Street, New York, NY, is a blank check company focused on real estate and construction.
Why It Matters
This filing indicates potential delisting from an exchange, which could significantly impact the liquidity and trading of the company's securities.
Risk Assessment
Risk Level: high — A notice of delisting directly threatens the company's ability to remain publicly traded, posing a significant risk to investors.
Key Players & Entities
- Alpha Star Acquisition Corp. (company) — Registrant
- December 20, 2024 (date) — Date of Report
- 100 Church Street, New York, NY (address) — Business Address
- ALSAU (ticker) — Units symbol
FAQ
What is the primary reason for Alpha Star Acquisition Corp.'s 8-K filing?
The 8-K filing is primarily to report a notice of delisting or failure to satisfy a continued listing rule.
When was the report filed?
The report was filed on December 20, 2024.
What is the business address of Alpha Star Acquisition Corp.?
The business address is 100 Church Street, 8th Floor, New York, NY 10007.
What is the Standard Industrial Classification for Alpha Star Acquisition Corp.?
The SIC code is 6770, which corresponds to Blank Checks.
What are the components of the ALSAU units mentioned in the filing?
The ALSAU units consist of one ordinary share, one redeemable warrant to purchase one-half ordinary share, and one right to acquire one-seventh of an ordinary share.
Filing Stats: 1,219 words · 5 min read · ~4 pages · Grade level 16.4 · Accepted 2024-12-20 09:15:08
Key Financial Figures
- $0.001 — isting of one ordinary share, par value $0.001 , one redeemable warrant to purchase on
- $35,000 — 25 by depositing into the Trust Account $35,000 for each one-month extension. The Compa
Filing Documents
- form8-k.htm (8-K) — 57KB
- ex99-1.htm (EX-99.1) — 11KB
- 0001493152-24-050900.txt ( ) — 309KB
- alsau-20241220.xsd (EX-101.SCH) — 4KB
- alsau-20241220_def.xml (EX-101.DEF) — 31KB
- alsau-20241220_lab.xml (EX-101.LAB) — 38KB
- alsau-20241220_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: December 20, 2024 ALPHA STAR ACQUISITION CORPORATION By: /s/ Zhe Zhang Name: Zhe Zhang Title: Chief Executive Officer