Alpha Star gets Nasdaq deficiency notice for MVLS below $50M; 180-day cure until Mar 2025

Alpha Star Acquisition Corp

Received Nasdaq notice on Oct 1, 2024; MVLS was below $50M from Aug 12 to Sep 30, 2024.
Must achieve MVLS >= $50M for 10 consecutive trading days by March 31, 2025 to regain compliance.
Failure to comply may lead to delisting; Company may apply for transfer to Nasdaq Capital Market.
No immediate impact on trading of units, ordinary shares, warrants, or rights under ALSAU, ALSA, ALSAR, ALSAW.
Company intends to monitor MVLS and take all reasonable measures to regain compliance.

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