Alpha Star Acquisition Corp: December 2024 Securities Offering Insights

Here are the key insights extracted from the provided financial report section:

1. Entity Identification:

• The entity is Alpha Star Acquisition Corporation.
• SEC CIK number: 0001865111.

2. Filing Date:

• The report was filed on December 20, 2024.

3. Securities Offered:

• The entity is offering Units, each consisting of:
• • One ordinary share with a par value of $0.001.
  • One redeemable warrant exercisable for one-half of an ordinary share.
  • One right to acquire one-seventh (1/7) of an ordinary share.

4. Securities Identifiers:

• Ordinary Share: ALSA (NASDAQ)
• Redeemable Warrants: ALSAW (NASDAQ)
• Rights: ALSAR (NASDAQ)

5. Structure of Units:

• Each unit represents a combination of equity and options (warrants and rights), which can provide investors with multiple avenues for potential returns.

6. Context and Measurement Units:

• The report uses units of USD for monetary values and shares for equity-related calculations.

7. Potential Implications:

• The combination of ordinary shares, redeemable warrants, and rights provides flexibility for investors and may enhance the appeal of the offering.
• The presence of redeemable warrants and rights can indicate a strategy to attract investments by offering additional future equity participation.

This report indicates a structured offering aimed at raising capital while providing investors with equity securities that have additional rights and warrants attached to them. The filing suggests a strategic financial maneuver typical for acquisition or SPAC entities.