---
schema_version: "secwatch.filing_event.v1"
accession: "0001829126-24-008580"
form_type: "8-K"
ticker: null
cik: "0001922331"
company_name: "Global Star Acquisition Inc."
filed_at: "2024-12-27T23:59:59+00:00"
generated_at: "2026-05-28T23:09:12.479441+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Global Star Acquisition receives Nasdaq deficiency notice for MVPHS below $15M

## Summary
- Nasdaq notified on Dec 18, 2024 that MVPHS below $15M for last 30 consecutive business days.
- Company has until June 17, 2025 (180 days) to regain compliance; needs 10 consecutive days at $15M+.
- No immediate impact on listing or trading of common stock (GLST) or other securities.
- Company says it will monitor and consider available options; may appeal any delisting determination.

## SEC filing metadata
- accession: 0001829126-24-008580
- form_type: 8-K
- cik: 0001922331
- company_name: Global Star Acquisition Inc.
- filed_at: 2024-12-27T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1922331/000182912624008580/0001829126-24-008580-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1922331/000182912624008580/globalstar_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829126-24-008580
- JSON: https://secwatch.observer/filing/0001829126-24-008580.json
- Plain text: https://secwatch.observer/filing/0001829126-24-008580.txt

## Key facts
- Listing & Compliance Notices
  Global Star Acquisition Inc. received a nasdaq deficiency notice notice regarding market value (rules 5450(b)(2)(C)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: market value
  - Rules: 5450(b)(2)(C)
  source text: December 18, 2024, Global Star Acquisition Inc. (the “Company”) received a letter from the listing qualifications department staff (the “Staff”) of The Nasdaq Stock Market (“Nasdaq”) indicating that based upon Nasdaq’s review of the Company’s Market Value of Publicly Held Shares (“MVPHS”) for the last 30 consecutive business days prior to the date of the letter, the Company no longer meets the requirements of Nasdaq Listing Rule 5450(b)(2)(C), which requires listed securities to maintain a minimum MVPHS of $15,000,000 (the “MVPHS Requirement”). The Company intends to monitor the market value o
  evidence_url: https://www.sec.gov/Archives/edgar/data/1922331/000182912624008580/0001829126-24-008580-index.htm

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