Golden Star Acquisition Corporation Prices 6M Unit IPO at $10/unit

Golden Star Acquisition Corporation, a Cayman Island exempt company (GODN), announced today that it priced its initial public offering of 6,000,000 units at $10.00 per unit.

The Company’s units are expected to be listed on NASDAQ Stock Market LLC Global Market (“NASDAQ”) and trade under the ticker symbol “GODNU” beginning Tuesday, May 2, 2023. Each unit consists of one ordinary share par value $0.001 per share, and one right to receive two-tenths (2/10) of an ordinary share. The underlying securities of the units are not trading separately at this time. Once the securities comprising the units begin separate trading, the shares and rights are expected to be listed on NASDAQ under the symbols “GODN”, and “GODNR”, respectively.

Ladenburg Thalmann & Co. Inc. is acting as the sole underwriter in the offering. The underwriter has been granted a 45-day option to purchase up to an additional 900,000 units offered by the Company to cover over-allotments, if any.

The offering is expected to close on Thursday, May 4, 2023 subject to customary closing conditions.

The Company’s sponsor, G-Star Management Corporation, a British Virgin Islands company, and/or its designees, has committed and agreed to purchase an aggregate of 280,000 units (or 307,000 units if the over-allotment option is exercised in full) at a price of $10.00 per unit for an aggregate purchase price of $2,800,000 (or $3,070,000 if the over-allotment option is exercised in full), in a private placement that will close simultaneously with the closing of this offering (“private placement units”). Each private placement unit shall consist of one ordinary share and one right to receive two-tenths (2/10) of an ordinary share upon the consummation of an initial business combination. Closing of the private placement will occur simultaneously with closing of the initial public offering.