Golden Star Acquisition Corp Proposes Extension Fee Amendments

Golden Star Acquisition Corporation (GODN) has provided an update.

Golden Star Acquisition Corporation has postponed its shareholder meeting to March 1, 2024, to discuss the reduction of the monthly extension fee for its initial business combination. The proposed change would lower the fee per share or cap it at $50,000, with an additional voluntary commitment from the sponsor to contribute $20,000 to the trust account for each extension. This amendment aims to provide better terms for extending the combination deadline and is detailed in the proxy statement available on the SEC’s website. However, the outcome depends on shareholder approval at the upcoming meeting.

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