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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Form 8-K

 

Current Report

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

 

October 12, 2023

Date of Report (Date of earliest event reported)

 

ALPHA STAR ACQUISITION CORPORATION

(Exact name of registrant as specified in its charter)

 

Cayman Islands   001-41153   n/a
(State or other jurisdiction
of incorporation)		   (Commission
File Number)		   (I.R.S. Employer
Identification No.)

 

85 Broad Street, New York, New York   10004
(Address of principal executive offices)   (Zip Code)

 

Registrant’s telephone number, including area code: (212) 837-7977

 

N/A

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

  ☐ Written communications pursuant to Rule 425 under the Securities Act

 

  ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act

 

  ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act

 

  ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

 

Emerging growth company ☒

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Units, each consisting of one ordinary share, par value $0.001, one redeemable warrant to purchase one-half ordinary share and one right to acquire 1/7 of an ordinary share   ALSAU   The Nasdaq Stock Market LLC
Ordinary Share, par value $0.001   ALSA   The Nasdaq Stock Market LLC
Redeemable warrants, each warrant exercisable for one-half of an ordinary share   ALSAW   The Nasdaq Stock Market LLC
Rights, each to receive one-seventh (1/7) of one ordinary share   ALSAR   The Nasdaq Stock Market LLC

 

 

 

 

 

Item 3.01.Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

 

On October 12, 2023, Alpha Star Acquisition Corporation (“Company”) received a written notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) indicating that the Company was not in compliance with Listing Rule 5450(a)(2) (the “Minimum Public Holders Rule”), which requires the Company to have at least 400 public holders for continued listing on the Nasdaq Global Market. The Notice is only a notification of deficiency, not of imminent delisting, and has no current effect on the listing or trading of the Company’s securities on the Nasdaq Global Market.

 

The Notice states that the Company has 45 calendar days to submit a plan to regain compliance with the Minimum Public Holders Rule. The Company intends to submit a plan to regain compliance with the Minimum Public Holders Rule within the required timeframe. If Nasdaq accepts Company’s plan, Nasdaq may grant the Company an extension of up to 180 calendar days from the date of the Notice to evidence compliance with the Minimum Public Holders Rule. If Nasdaq does not accept the Company’s plan, the Company will have the opportunity to appeal the decision in front of a Nasdaq Hearings Panel.

 

1

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report on Form 8-K to be signed on its behalf as of October 13, 2023 by the undersigned hereunto duly authorized.

 

  ALPHA STAR ACQUISITION CORPORATION
   
  By: /s/ Zhe Zhang
    Zhe Zhang, Chief Executive Officer

 

2

 

v3.23.3
Cover
Oct. 12, 2023
Document Type 8-K
Amendment Flag false
Document Period End Date Oct. 12, 2023
Entity File Number 001-41153
Entity Registrant Name ALPHA STAR ACQUISITION CORPORATION
Entity Central Index Key 0001865111
Entity Tax Identification Number 00-0000000
Entity Incorporation, State or Country Code E9
Entity Address, Address Line One 85 Broad Street
Entity Address, City or Town New York
Entity Address, State or Province NY
Entity Address, Postal Zip Code 10004
City Area Code (212)
Local Phone Number 837-7977
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Entity Emerging Growth Company true
Elected Not To Use the Extended Transition Period false
Units, each consisting of one ordinary share, par value $0.001, one redeemable warrant to purchase one-half ordinary share and one right to acquire 1/7 of an ordinary share  
Title of 12(b) Security Units, each consisting of one ordinary share, par value $0.001
Trading Symbol ALSAU
Security Exchange Name NASDAQ
Ordinary Share, par value $0.001  
Title of 12(b) Security Ordinary Share, par value $0.001
Trading Symbol ALSA
Security Exchange Name NASDAQ
Redeemable warrants, each warrant exercisable for one-half of an ordinary share  
Title of 12(b) Security Redeemable warrants, each warrant exercisable
Trading Symbol ALSAW
Security Exchange Name NASDAQ
Rights, each to receive one-seventh (1/7) of one ordinary share  
Title of 12(b) Security Rights, each to receive one-seventh (1/7) of one ordinary share
Trading Symbol ALSAR
Security Exchange Name NASDAQ
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