Golden Star Acquisition Corp
Cash in trust
—
Not yet disclosed
Trust per share
$11.12
Redemption value
IPO
May 2023
$69.0M raised
Combination deadline
—
Not disclosed
Filings on record
112
Latest May 13, 2025
Business combination
- Target
- Not disclosed in an indexed filing
- Announced
- Sep 21, 2023
- Closed
- Feb 10, 2025
Overview
Golden Star Acquisition Corp is a special purpose acquisition company incorporated and registered with the SEC under CIK 0001895144. It completed its initial public offering in May 2023, raising $69.0M in gross proceeds. The vehicle is sponsored by G-Star Management through G-Star Management Corporation. Business combination closed; the company trades under a new ticker.
Reading the filings
Arithmetic on what Golden Star 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 $11.12 per public share, 11.2% 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.
Extension history
Shareholders have already approved 1 extension. Each one opened a redemption window, so the public float and the trust are almost certainly smaller than at IPO, and each typically came with a sponsor contribution that lifts trust per share. A vehicle on its second or third extension is one where the sponsor is paying to keep the search alive.
Underwriting
Ladenburg Thalmann led the offering. It has been named on 46 SPAC IPOs, book-running 11 of them, and 65% of its resolved vehicles closed a deal. The syndicate has no control over whether a sponsor finds a target, but the quality of the book at pricing shapes who ends up holding the units.
At every shareholder vote holders may hand their shares back for their cash. Each bar is one vote, read out of the 8-K that reported it.
6.8M shares handed back across 3 votes, 272% of the shares sold at IPO.
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.
112 filings in all. 2 in the last three months, against a busiest month of 14.
News on Golden Star 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 0001085146-25-003006
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0001140361-25-007327
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0001172661-25-000979
- 15-12G
Deregistration of securities
Accession 0001493152-25-005636
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0001072613-25-000075
- 25-NSE
Notification of delisting
Accession 0001354457-25-000042
- 8-K
Submission of matters to a vote of security holders; Other events
Items 5.07, 8.01 · Accession 0001493152-25-003221
- SCHEDULE 13G
Beneficial ownership report (passive)
Accession 0001085146-25-000142
- 8-K
Other events
Item 8.01 · Accession 0001493152-25-000025
- DEFM14A
Definitive merger proxy statement
Accession 0001493152-24-052185
- SCHEDULE 13G
Beneficial ownership report (passive)
Accession 0000950170-24-139949
- 8-K
Other events
Item 8.01 · Accession 0001493152-24-048665
- 8-K
Entry into a material definitive agreement
Items 1.01, 2.03, 9.01 · Accession 0001493152-24-046274
- SC 13G
Beneficial ownership report (passive)
Accession 0001193125-24-259087
- SC 13G/A
Amended beneficial ownership report (passive)
Accession 0001076809-24-000136
- SC 13G
Beneficial ownership report (passive)
Accession 0001172661-24-005035
- SC 13G/A
Amended beneficial ownership report (passive)
Accession 0001172661-24-004947
- SC 13G
KARPUS INVESTMENT MGT / GOLDEN STAR ACQUISITION CORP - SCHEDULE 13G
Accession 0001072613-24-000841
- 10-Q
Quarterly report
Accession 0001493152-24-043581
- 8-K
Other events
Item 8.01 · Accession 0001493152-24-043520
- SC 13G
Beneficial ownership report (passive)
Accession 0001140361-24-043508
- 8-K
Other events
Item 8.01 · Accession 0001493152-24-039527
- 8-K
Other events
Item 8.01 · Accession 0001493152-24-035220
- 10-Q
Quarterly report
Accession 0001493152-24-032261
- 8-K
Other events
Item 8.01 · Accession 0001493152-24-030369
- SC 13D/A
Amended beneficial ownership report (activist)
Accession 0001493152-24-029923
- 8-K
Other events
Item 8.01 · Accession 0001493152-24-026422
- 8-K
Submission of matters to a vote of security holders; Other events
Items 5.07, 8.01 · Accession 0001493152-24-026229
- DEFA14A
Additional proxy soliciting material
Accession 0001493152-24-025729
- 8-K
Other events
Item 8.01 · Accession 0001493152-24-025728
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Golden Star Acquisition Corp: questions answered
What is Golden Star Acquisition Corp?
Golden Star Acquisition Corp is a special purpose acquisition company incorporated and registered with the SEC under CIK 0001895144. It completed its initial public offering in May 2023, raising $69.0M in gross proceeds. The vehicle is sponsored by G-Star Management through G-Star Management Corporation. Business combination closed; the company trades under a new ticker.
How much does Golden Star Acquisition Corp hold in trust?
No trust balance has been disclosed in a filing we have indexed for Golden Star Acquisition Corp. For a newly priced IPO this is normal: the figure first appears in the quarterly report after closing.
When must Golden Star Acquisition Corp complete a merger?
No combination deadline appears in the filings we have indexed. The date is stated in the charter and repeated in each quarterly report; where our parser could not establish it with confidence we leave it blank rather than infer one.
What happens if Golden Star 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 Golden Star 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 $11.12 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.
Is the trust value the same as the share price for Golden Star 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 Golden Star Acquisition Corp, and what is their track record?
G-Star Management Corporation is the sponsor entity, part of the G-Star Management franchise. This is the only vehicle we have attributed to that sponsor. Named principals: Linjun Guo.
Which banks underwrote the Golden Star Acquisition Corp IPO?
Ladenburg Thalmann. Syndicate membership and role are read from the prospectus cover and the underwriting section.
Is Golden Star Acquisition Corp a good investment?
That is not a question this site answers. Golden Star 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 Golden Star Acquisition Corp data come from?
Filings Golden Star Acquisition Corp submitted to the SEC under CIK 0001895144: 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 19, 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.
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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.
G-Star Management: the full record
Every vehicle this sponsor has launched, what closed, what liquidated and what is still live.
Ladenburg Thalmann in SPACs
Mandates, bookrun credit, deal volume and the outcome of the vehicles it priced.
All completed de-spac transactions
Business combination closed; the company trades under a new ticker.
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.