Core Viewpoint - Global Star Acquisition Inc. has been suspended from trading on Nasdaq due to not meeting continued listing requirements, and its securities are now trading on OTC Markets [1] Group 1: Company Overview - Global Star Acquisition Inc. is a special purpose acquisition company formed to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses [3] - K Enter Holdings Inc. operates a K drama production team and owns controlling equity interests in six diversified entertainment companies in Korea, involved in entertainment content, IP creation, merchandising, and investment [4] Group 2: Business Combination - On February 3, 2025, shareholders of Global Star approved the business combination with K Enter Holdings, which will result in the formation of K Wave Media, Ltd., expected to be listed on Nasdaq [2]
Global Star Acquisition Inc. Commences Trading on the OTC Markets