Global Star Acquisition Inc. Amends Financial Report: Key Insights Revealed

Based on the provided financial report excerpt, here are the key insights and important information extracted:

1. Company Overview:

• Name: Global Star Acquisition Inc.
• CIK: 0001922331
• Incorporation: Delaware Corporation
• Address: 1641 International Drive Unit 208, McLean, VA 22102
• Phone: 703-790-0717

2. Filing Information:

• Form Type: Amendment No. 1 to Current Report on Form 8-K/A
• Original Filing Date: February 7, 2025
• Amendment Date: February 3, 2025
• Purpose of Amendment: To amend details regarding:
• • Trust price per share
  • Total redemption payments
  • Net trust balance after redemptions
  • Shares remaining after redemption

3. Securities Information:

• Units: Each unit consists of:
• • One share of Class A Common Stock
  • One Redeemable Warrant
  • One Right
• Class A Common Stock:
• • Par Value: $0.0001 per share
  • Ticker Symbol: GLST (NASDAQ)
• Redeemable Warrants:
• • Each whole warrant is exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share
  • Ticker Symbol: GLSTW (NASDAQ)
• Rights:
• • Each right is exchangeable into one-tenth of one share of Class A Common Stock
  • Ticker Symbol: GLSTR (NASDAQ)

4. XBRL Context:

• Context ID: As of February 3, 2025
• Measurement Units:
• • Currency: USD
  • Shares: Defined as a unit measure

5. Notes:

• The amendment clarifies that no other modifications have been made to the information contained in the Initial Form 8-K, and it does not update any of the information to reflect events post the original filing date.

Conclusion: This report highlights key adjustments to the financial metrics of Global Star Acquisition Inc. regarding their securities and redemption processes, crucial for investors and stakeholders to understand the current status of the company’s financial obligations.