Global Star Acquisition, Inc. (the “Company”) is a blank check company incorporated in the State of Delaware on July 24, 2019, whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses, which we refer to as our initial business combination. To date, our efforts have been limited to organizational activities as well as activities related to the initial public offering and the completion of its initial Business Combination. We have not selected any specific business combination target.
Company profile
Ticker
GLST, GLSTW, GLSTR, GLSTU
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
IRS number
842508938
GLST stock data
Latest filings (excl ownership)
10-Q
2023 Q2
Quarterly report
28 Aug 23
425
Business combination disclosure
28 Aug 23
8-K
Global Star Acquisition Inc. Announces Stockholder Approval of Extension of Deadline to Complete Business Combination
28 Aug 23
NT 10-Q
Notice of late quarterly filing
15 Aug 23
DEF 14A
Definitive proxy
8 Aug 23
8-K
Entry into a Material Definitive Agreement
3 Aug 23
PRE 14A
Preliminary proxy
24 Jul 23
425
Business combination disclosure
17 Jul 23
8-K
Entry into a Material Definitive Agreement
17 Jul 23
10-Q
2023 Q1
Quarterly report
28 Jun 23
Latest ownership filings
4
Benny Mun Wai Kan
14 Mar 23
3
Chun Wing Lam
14 Mar 23
SC 13G
Karpus Management, Inc.
14 Feb 23
SC 13G
Shaolin Capital Management LLC
13 Feb 23
SC 13G
ARISTEIA CAPITAL LLC
13 Feb 23
SC 13G
Polar Asset Management Partners Inc.
10 Feb 23
SC 13G/A
Space Summit Capital LLC
8 Feb 23
SC 13G/A
Feis Lawrence
1 Feb 23
SC 13G
Feis Lawrence
29 Sep 22
SC 13G
Space Summit Capital LLC
21 Sep 22
Financial summary
| Quarter (USD) | Jun 23 | Mar 23 | Dec 22 | Sep 22 | |
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| Diluted EPS |
| Annual (USD) | Dec 22 | |
|---|---|---|
| Revenue | ||
| Cost of revenue | ||
| Operating income | ||
| Operating margin | ||
| Net income | ||
| Net profit margin | ||
| Cash on hand | ||
| Change in cash | ||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 301.97 k | 301.97 k | 301.97 k | 301.97 k | 301.97 k | |
| Cash burn (monthly) | 88.63 k | 91.29 k | (no burn) | (no burn) | 26.44 k | |
| Cash used (since last report) | 255.89 k | 263.57 k | n/a | n/a | 76.34 k | |
| Cash remaining | 46.08 k | 38.39 k | n/a | n/a | 225.62 k | |
| Runway (months of cash) | 0.5 | 0.4 | n/a | n/a | 8.5 | |
Institutional ownership, Q2 2023
| 13F holders | Current |
|---|---|
| Total holders | 42 |
| Opened positions | 9 |
| Closed positions | 1 |
| Increased positions | 23 |
| Reduced positions | 2 |
| 13F shares | Current |
|---|---|
| Total value | 78.26 bn |
| Total shares | 18.22 mm |
| Total puts | 0.00 |
| Total calls | 0.00 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| Mangrove Partners | 3.19 mm | $13.79 bn |
| Polar Asset Management Partners | 2.25 mm | $7.97 bn |
| Aristeia Capital | 1.50 mm | $5.32 bn |
| Periscope Capital | 1.12 mm | $6.53 bn |
| Wolverine Asset Management | 1.11 mm | $3.54 bn |
| Karpus Management | 1.06 mm | $11.13 bn |
| Schechter Investment Advisors | 973.41 k | $3.44 bn |
| Space Summit Capital | 775.47 k | $0.00 |
| Radcliffe Capital Management | 739.23 k | $2.62 bn |
| Hudson Bay Capital Management | 700.00 k | $3.67 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 15 Nov 22 | Benny Mun Wai Kan | Class B Common Stock Class A Common Stock | Sale back to company | Acquire D | No | No | 0 | 20,000 | 0.00 | 0 |