Alpha Star Acquisition closes $115M IPO and $3.3M private placement

Alpha Star Acquisition Corp

IPO of 11,500,000 units at $10.00/unit including full over-allotment; gross proceeds $115M.
Sponsor purchased 330,000 private units at $10.00/unit for $3.3M.
Net proceeds of $115,682,250 deposited in trust account for benefit of public shareholders.
Offering costs total $5,639,696; $2,875,000 deferred underwriting commission.
Balance sheet shows $115M temporary equity for 11.5M redeemable shares; stockholders' deficit of $2.33M.

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