---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-202720"
form_type: "8-K"
ticker: null
cik: "0001922331"
company_name: "Global Star Acquisition Inc."
filed_at: "2023-08-03T23:59:59+00:00"
generated_at: "2026-06-12T09:38:34.378695+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Global Star Acquisition issues $1.6M promissory note to sponsor for working capital

## Summary
- Entered $1.6M promissory note with sponsor Global Star Acquisition 1 LLC, bearing no interest, for working capital expenses.
- Repayment due later of December 31, 2023 or consummation of a business combination; only from funds outside trust.
- Sponsor may convert up to $1.5M of principal into units at $10.00 per unit in lieu of cash repayment.
- Note includes a trust waiver: Payee waives any claim against the IPO trust account and agrees not to seek recourse from it.

## SEC filing metadata
- accession: 0001193125-23-202720
- form_type: 8-K
- cik: 0001922331
- company_name: Global Star Acquisition Inc.
- filed_at: 2023-08-03T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1922331/000119312523202720/0001193125-23-202720-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1922331/000119312523202720/d538183d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-202720
- JSON: https://secwatch.observer/filing/0001193125-23-202720.json
- Plain text: https://secwatch.observer/filing/0001193125-23-202720.txt

## Key facts
- Debt Financings
  Global Star Acquisition Inc. incurred loan of $1,600,000 with Global Star Acquisition 1 LLC maturing the later of: (i) December 31, 2023, or (ii) the date on which the Company consummates a business combination.
  - Instrument: loan
  - Principal: $1,600,000
  - Counterparty: Global Star Acquisition 1 LLC
  - Maturity: the later of: (i) December 31, 2023, or (ii) the date on which the Company consummates a business combination
  - Event: incurrence
  source text: On July 31, 2023, Global Star Acquisition Inc. (the “Company”), a Delaware corporation issued a promissory note (the “Note”) in the principal amount of $1,600,000 to Global Star Acquisition 1 LLC (the “Sponsor”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1922331/000119312523202720/0001193125-23-202720-index.htm
- Material Agreements
  Global Star Acquisition Inc. entered into Note with Global Star Acquisition 1 LLC valued at $1,600,000 (effective 2023-07-31).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Global Star Acquisition 1 LLC
  - Value: $1,600,000
  - Effective: 2023-07-31
  source text: On July 31, 2023, Global Star Acquisition Inc. (the “Company”), a Delaware corporation issued a promissory note (the “Note”) in the principal amount of $1,600,000 to Global Star Acquisition 1 LLC (the “Sponsor”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1922331/000119312523202720/0001193125-23-202720-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.