---
schema_version: "secwatch.filing_event.v1"
accession: "0001829126-24-001590"
form_type: "8-K"
ticker: null
cik: "0001922331"
company_name: "Global Star Acquisition Inc."
filed_at: "2024-03-14T23:59:59+00:00"
generated_at: "2026-06-04T21:47:08.557730+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Global Star Acquisition cuts merger price to $590M, drops First Virtual Lab acquisition

## Summary
- First Amendment reduces base merger consideration from $610 million to $590 million.
- Termination of planned majority stake acquisition in First Virtual Lab Inc. effective March 5, 2024.
- Board approved amendment after receiving updated fairness opinion on March 11, 2024.
- Amendment removes reference to First Virtual Lab share purchase agreement and adds termination agreement.

## SEC filing metadata
- accession: 0001829126-24-001590
- form_type: 8-K
- cik: 0001922331
- company_name: Global Star Acquisition Inc.
- filed_at: 2024-03-14T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1922331/000182912624001590/0001829126-24-001590-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1922331/000182912624001590/globalstaracq_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829126-24-001590
- JSON: https://secwatch.observer/filing/0001829126-24-001590.json
- Plain text: https://secwatch.observer/filing/0001829126-24-001590.txt

## Key facts
- Material Agreements
  Global Star Acquisition Inc. amended First Amendment to the Merger Agreement with K Enter Holdings Inc. valued at The First Amendment (i) reduces the base value of the merger consideration to be received by Company (effective 2024-03-11).
  - Action: amendment
  - Agreement: merger
  - Counterparty: K Enter Holdings Inc.
  - Value: The First Amendment (i) reduces the base value of the merger consideration to be received by Company
  - Effective: 2024-03-11
  source text: On March 11, 2024, the Company, K Enter, Purchaser, and Merger Sub entered into a First Amendment to the Merger Agreement (the "First Amendment") to amend certain of the terms of the Merger Agreement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1922331/000182912624001590/0001829126-24-001590-index.htm

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