Chi Special Acquisition Corp.GDST
Cash in trust
$5.9M
$5,923,362
Trust per share
$13.64
Redemption value
IPO
Mar 2022
$57.5M raised
Combination deadline
Sep 21, 2023
Deadline passed
Filings on record
138
Latest Aug 6, 2026
Business combination
- Target
- Not disclosed in an indexed filing
- Announced
- Jun 22, 2022
Overview
Chi Special Acquisition Corp. is a special purpose acquisition company incorporated and registered with the SEC under CIK 0001858007. It completed its initial public offering in Mar 2022, raising $57.5M in gross proceeds and listing on OTC. Class A shares trade under the ticker GDST on OTC. The vehicle is sponsored by Chi Special. Definitive business-combination agreement signed, closing pending.
Reading the filings
Arithmetic on what Chi Special Acquisition Corp. has disclosed, written the way a desk would read it. These are observations, not a rating. Nothing here scores the vehicle or implies a view on it.
Trust versus the $10 unit
The trust holds $13.64 per public share, 36.4% above the $10.00 the units were sold at. That spread is accrued interest on the trust and, where the charter provides for it, sponsor contributions paid in to buy more time. It is the floor a public shareholder can redeem at, not a valuation of the business.
Time on the clock
The stated combination deadline of Sep 21, 2023 has passed without a closing in our filing record. Either an extension was approved that we have not yet indexed, or the vehicle is in wind-down. Check the latest proxy statement.
From listing to the date Chi Special Acquisition Corp. must close a deal, extend again, or return the trust. The marker is today.
Filings per month since the first one. A vehicle that has gone quiet with a deadline ahead is a different proposition from one that is still working.
138 filings in all. 5 in the last three months, against a busiest month of 20.
Scores
Recomputed 22m agoThree readings of Chi Special Acquisition Corp., each an unweighted mean of the components shown beneath it, and each component a percentile against every live SPAC rather than an absolute we invented. They describe the setup, not the merit. How they are built
Edge
ElevatedHow much does the structure protect a holder right now?
51/100
- Trust accretion98
$13.64 per share
- Runway4
-1135 days
Edge reads the setup, not the business. A vehicle can score well on protection and still be a poor place to leave money once a deal closes.
FOMO
LowHow much attention is this vehicle attracting right now?
1/100
- Filing activity0
0 in 30 days
- News coverage0
0 stories in 30 days
- Deal freshness3
announced 1591 days ago
Attention is not quality. FOMO rises on news volume and on the market paying above trust, both of which have preceded plenty of disappointments.
Potential
ModerateHow likely is this vehicle to complete a combination, and at what scale?
48/100
- Trust scale10
$6M
- Stage85
definitive agreement signed
Potential is about execution, not about the target. It says nothing about whether the eventual deal is worth owning, because the target is usually unknown when the score is computed.
These are derived measures, not ratings of investment merit. They carry no view on the target, no price target and no recommendation, and a high score is not a reason to buy anything.
News on Chi Special Acquisition Corp.
Last 90 daysNothing in the last 90 days that names this vehicle. We attribute a story only when the release carries the ticker or the registered name, so an empty section means no press release or wire story matched — not that nothing was published. The filings below are the primary record either way.
SEC filing history
Free tier: filings older than 24 hours- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0001628280-26-053938
- SEC STAFF ACTION
SEC STAFF ACTION filing
Accession 9999999997-26-001236
- 10-K
Annual report
Accession 0001213900-26-078438
- 8-K
Current report
Items 5.02, 5.03, 9.01 · Accession 0001213900-26-076109
- NT 10-K
Late annual report notification
Accession 0001213900-26-073842
- 8-K
Current report
Items 5.02, 9.01 · Accession 0001213900-26-035685
- 8-K
Submission of matters to a vote of security holders; Other events
Items 5.03, 5.07, 8.01, 9.01 · Accession 0001213900-26-032916
- DEF 14A
Definitive proxy statement
Accession 0001213900-26-023744
- 10-Q
Quarterly report
Accession 0001213900-26-019454
- PRE 14A
PROXY STATEMENT
Accession 0001213900-26-016748
- 10-Q
Quarterly report
Accession 0001213900-25-112608
- NT 10-Q
Late quarterly report notification
Accession 0001213900-25-111195
- SCHEDULE 13G
Beneficial ownership report (passive)
Accession 0001193125-25-274748
- 8-K
Termination of a material definitive agreement
Items 1.02, 9.01 · Accession 0001213900-25-097077
- 10-Q
Quarterly report
Accession 0001213900-25-078650
- NT 10-Q
Late quarterly report notification
Accession 0001213900-25-077009
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0001393825-25-000040
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0001072613-25-000508
- S-4/A
Amended merger registration statement
Accession 0001213900-25-071731
- 8-K/A
Submission of matters to a vote of security holders; Other events
Items 5.03, 5.07, 8.01, 9.01 · Accession 0001213900-25-065707
- S-4/A
Amended merger registration statement
Accession 0001213900-25-065671
- 25-NSE
Notification of delisting
Accession 0001354457-25-000620
- 8-K
Submission of matters to a vote of security holders; Other events
Items 5.03, 5.07, 8.01, 9.01 · Accession 0001213900-25-057310
- S-4/A
Amended merger registration statement
Accession 0001213900-25-055744
- 10-K
Annual report
Accession 0001213900-25-054825
- DEF 14A
Definitive proxy statement
Accession 0001213900-25-051563
- PRE 14A
PROXY STATEMENT
Accession 0001213900-25-047384
- S-4/A
Amended merger registration statement
Accession 0001213900-25-043297
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0001085146-25-002975
- S-4/A
Amended merger registration statement
Accession 0001213900-25-034782
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Chi Special Acquisition Corp.: questions answered
What is Chi Special Acquisition Corp. (GDST)?
Chi Special Acquisition Corp. is a special purpose acquisition company incorporated and registered with the SEC under CIK 0001858007. It completed its initial public offering in Mar 2022, raising $57.5M in gross proceeds and listing on OTC. Class A shares trade under the ticker GDST on OTC. The vehicle is sponsored by Chi Special. Definitive business-combination agreement signed, closing pending.
How much does Chi Special Acquisition Corp. hold in trust?
Approximately $5,923,362, or about $13.64 per public share, as at the most recent filing on record. Trust balances move: shareholders redeem at extension votes and at the combination vote, and sponsors pay contributions in to extend. Treat the figure as a point-in-time disclosure, not a running balance.
When must Chi Special Acquisition Corp. complete a merger?
By Sep 21, 2023. If no combination closes by then the sponsor must seek a further extension or wind the vehicle up and return the trust.
What happens if Chi Special Acquisition Corp. does not find a target in time?
The charter requires the vehicle to redeem 100% of the public shares and return the trust, pro rata, to public shareholders. That is the mechanism working as designed rather than a default. Founder shares and warrants are worthless in that outcome, which is why the sponsor's incentive is to get a deal done or to buy more time. Across the market, deadline lapsed without a deal; trust returned to public shareholders.
Can I redeem shares in Chi Special Acquisition Corp., and at what price?
Public shareholders may elect to redeem in connection with a combination vote and at each extension vote, at the pro-rata trust value on the relevant record date, most recently disclosed at about $13.64 per share. Redemption is a right attached to the public shares only; warrants and rights carry no claim on the trust. The mechanics and the deadline for electing are set out in the proxy statement for the vote in question.
What tickers does Chi Special Acquisition Corp. trade under?
Class A shares trade as GDST on OTC. Units trade first and separate into their component securities roughly 52 days after the IPO; only the Class A shares carry the redemption right against the trust.
Is the trust value the same as the share price for Chi Special Acquisition Corp.?
No. Trust per share is a disclosed, contractual figure: what a redeeming holder receives. The market price is whatever the shares change hands at, which can sit above the trust when a deal is well received or below it when the market doubts one will close. We do not have a current quote for this vehicle, so no spread is shown.
Who sponsors Chi Special Acquisition Corp., and what is their track record?
Chi Special is the sponsor entity, part of the Chi Special franchise. This is the only vehicle we have attributed to that sponsor.
Is Chi Special Acquisition Corp. tradeable, and where?
Our market-data provider returns no quote for GDST. That is normal for a vehicle that has not begun trading, has been delisted after a wind-up, or is too thinly traded to carry a two-sided market. The absence of a quote is shown as "not quoted" rather than as a zero.
Is Chi Special Acquisition Corp. a good investment?
That is not a question this site answers. Chi Special Acquisition Corp. is covered here as reference data: what the company filed, when it filed it, and what the numbers in those filings say. The Edge, FOMO and Potential scores on this page are derived measures with a published formula, not ratings of investment merit: they describe the setup, and every component is shown so you can take them apart. We publish no price targets and no recommendations, and nothing here should be read as advice. The figures are a starting point for your own work, and each one carries the accession number of the filing it came from.
Where does this Chi Special Acquisition Corp. data come from?
Filings Chi Special Acquisition Corp. submitted to the SEC under CIK 0001858007: the registration statement and final prospectus for the structure, quarterly and annual reports for the trust, current reports and proxy statements for deals, votes and extensions. Trust economics are taken from the registrant's own XBRL tags rather than parsed from prose, which is why they are exact. Every filing in the history above is listed with its accession number, which identifies the document uniquely on EDGAR; Pro accounts open it directly from the row.
Compiled by the SPACListing research desk
Last reconciled Oct 30, 2026
Every figure on this page is read from documents the registrants filed with the U.S. Securities and Exchange Commission, principally the IPO prospectus (Form 424B4), quarterly and annual reports, current reports and proxy statements, the registrant's own XBRL tags for trust economics. Nothing is sourced from press coverage, from the companies themselves, or from a third-party aggregator. Where a filing does not disclose something, the field is left blank rather than estimated.
Read the full methodology · What is in the dataset · Report a correction
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Continue reading
The context around this vehicle: who else the sponsor has launched, which banks priced it, and where it sits in the wider market.
Chi Special: the full record
Every vehicle this sponsor has launched, what closed, what liquidated and what is still live.
All spacs with an announced deal
Definitive business-combination agreement signed, closing pending.
Deadline calendar
Which sponsors are running out of time, and when the extension votes land.
What is a SPAC?
The structure, the economics and where the risks actually sit.
SPAC glossary
Every term in a blank-check filing, defined the way practitioners use it.
How this data is built
Coverage universe, ingestion, normalisation, lifecycle classification and known limits.