Global Star Acquisition Inc.: Nasdaq/NYSE listing notice — Nasdaq to suspend trading in Global Star Acquisition for multiple listing failures

Global Star Acquisition Inc.

Staff notified company on March 7, 2025 it failed continued listing requirements by significant margins.
Failures include minimum 400 total holders, 1.1M publicly held shares, $50M MVLS, and $15M MVPHS.
Nasdaq determined suspension is necessary to protect investors and public confidence.
Company previously requested a hearing; Nasdaq Hearings Panel will consider the matter.
Securities affected: GLST, GLSTU, GLSTW, GLSTR.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Global Star Acquisition Inc. received a nasdaq delisting notice notice regarding other (rules 5450(a)(2), 5450(b)(2)(A), 5450(b)(2)(C), 5101, IM-5101-1).

Exchange: nasdaq
Notice: delisting notice
Rules: 5450(a)(2), 5450(b)(2)(A), 5450(b)(2)(C), 5101, IM-5101-1

Exact text from the filing

March 7, 2025, the Staff notified the Company that it failed multiple continued listing requirements by significant margins. Additionally, Staff notified the Company that pursuant to its discretionary authority under Listing Rules 5101,1 and IM-5101-12, Nasdaq determined to suspend trading in the Company’s securities in order to maintain the quality of and public confidence in the Nasdaq market, to prevent fraudulent and manipulative acts and practices, to promote just and equitable principles of trade, and to protect investors and the public interest. As previously disclosed, on December 18

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Source: SEC EDGAR

accession 0001829126-25-001706

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