Global Star Acquisition Inc.: Nasdaq/NYSE listing notice — Global Star Acquisition receives Nasdaq deficiency notice for late Q3 10-Q filing

Global Star Acquisition Inc.

Received Nasdaq deficiency letter on Nov 22, 2022 for failing to timely file Form 10-Q for period ended Sept 30, 2022.
Company has 60 days (until Jan 23, 2023) to submit a plan to regain compliance.
Nasdaq may grant up to 180-day extension from original due date (until May 15, 2023) if plan accepted.
Notice has no immediate effect on listing or trading of securities.
Company intends to file Form 10-Q and regain compliance before Jan 23, 2023.

item 3.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Global Star Acquisition Inc. received a nasdaq deficiency notice notice regarding late filing (rules 5250(c)(1)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: late filing
Rules: 5250(c)(1)

Exact text from the filing

e required due date of November 14, 2022 and November 21, 2022, respectively. The Company also announced that it expected to receive a letter from the Listing Qualifications Department of The NASDAQ Stock Market LLC (“ NASDAQ ”) stating that the Company is not in compliance with NASDAQ Listing Rule 5250(c)(1) (the “ Listing Rule ”) because it had not timely filed the Form 10-Q with the SEC. The Listing Rule requires listed companies to timely file all required periodic financial reports with the SEC. In connection with the foregoing, on November 22, 2022, the Company received such letter (the

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Source: SEC EDGAR

accession 0001193125-22-292069

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