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Global Star Acquisition Inc. SEC Filing 8-K: Investment Insights & Securities Overview

$GLST
Form 8-K
Filed on: 2024-12-27
Source
Global Star Acquisition Inc. SEC Filing 8-K: Investment Insights & Securities Overview

Based on the provided section of the financial report for Global Star Acquisition Inc., here are the key pieces of information and insights:

  1. Entity Information:
  • Company Name: Global Star Acquisition Inc.
  • CIK Number: 0001922331
  • SEC Filing Type: 8-K
  • Filing Date: December 18, 2024
  • Address: 1641 International Drive Unit 208, McLean, VA 22102
  • Phone Number: 703-790-0717
  1. Securities Information:
  • The report pertains to units that consist of:
    • One share of Class A Common Stock with a par value of $0.0001.
    • One Redeemable Warrant: Each whole warrant is exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share.
    • One Right: Each right is exchangeable into one-tenth of one share of Class A Common Stock.
  1. Stock Classifications:
  • Class A Common Stock: Identified by the stock ticker GLST on NASDAQ.
  • Redeemable Warrants: Identified by the ticker GLSTW on NASDAQ.
  • Rights: Identified by the ticker GLSTR on NASDAQ.
  1. Financial Reporting:
  • The report utilizes XBRL (eXtensible Business Reporting Language) format for structured financial reporting.
  • The specific context of the report appears to be for a single date, December 18, 2024, indicating this may be a snapshot of the company's financial position or an event that occurred on this date.
  1. Key Insights:
  • The company is offering units that combine multiple financial instruments (common stock, warrants, and rights), which can be an attractive investment for potential investors, providing multiple avenues for value capture.
  • The exercise price of the warrants ($11.50) provides insight into the expected valuation or price point that the company anticipates for its common stock.
  • The structure of the offering (units) suggests a strategy to appeal to investors looking for diversified exposure in a single investment.

In summary, this financial report provides critical insights into the structure of the company's securities and its registration with the SEC, which can inform potential investors about their investment options and the company's market position.