Alpha Star Acquisition Corp

Alpha Star Acquisition Corporation is a blank check company, incorporated on March 11, 2021, in the Cayman Islands. Its purpose is to complete a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company completed its initial public offering on December 15, 2021, after its registration statement was declared effective by the Securities and Exchange Commission on December 13, 2021. In this offering, Alpha Star Acquisition Corporation sold 11,500,000 units at an offering price of $10.00 per unit, generating gross proceeds of $115,000,000. Each unit consists of one ordinary share, one right to receive one-seventh (1/7) of an ordinary share upon the consummation of an initial business combination, and one redeemable warrant. Each warrant entitles the holder to purchase one-half of one ordinary share. Simultaneously with the closing of the initial public offering, the company sold 330,000 private placement units to its sponsor, A-Star Management Corporation, a British Virgin Islands company, at $10.00 per unit, generating gross proceeds of $3,300,000. These private placement units are identical to the public offering units, with certain transfer restrictions for the sponsor. Total transaction costs amounted to $5,669,696, including $2,300,000 in underwriting fees, $2,875,000 in deferred underwriting fees, and $494,696 in other offering costs.