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Global Star Acquisition Inc (GLSTW) is a blank check company based in Mclean, VA. Led by Chairman and CEO Anthony Ang, the company is focused on completing a transaction expected to close in the Second Quarter of 2024. Their latest endeavor involves K Enter Holdings Inc, located at 1641 International Drive, Unit 208. For further information, investors can reach out to MZ Group at +1 (203) 741-8811 or GLST@mzgroup.us.
Global Star Acquisition Inc. (NASDAQ: GLST) and K Enter Holdings Inc. announced that the SEC has declared effective their Form F-4 Registration Statement for their proposed business combination. The combined entity will be named K Wave Media and plans to list on Nasdaq under symbols 'KWM' and 'KWMW' for shares and warrants respectively.
K Enter is a holding company with internal K drama production capabilities and agreements to acquire controlling interests in six Korean entertainment content and IP creation companies. The merger completion remains subject to stockholder approval from both companies.
K Enter Holdings has appointed Tan Chin Hwee as Executive Chairman and Interim CEO following the resignation of Young Jae (Dale) Lee. Mr. Lee will continue as a director. The leadership transition aims to leverage Mr. Tan's extensive experience in global growth strategies. His term is for six months, with a possibility of extension while the company searches for a permanent CEO. The announcement follows the recent definitive Merger Agreement among K Enter, Global Star Acquisition, K Wave Media, and GLST Merger Sub, which will result in K Enter becoming a public company listed on Nasdaq. The merger is expected to close in Q3 2024, pending necessary approvals.
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