Alpha Star Acquisition Corporation Announces Extension of Deadline to Complete Business Combination

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NEW YORK, Oct. 14, 2022 (GLOBE NEWSWIRE) — Alpha Star Acquisition Corporation (the “Company” or “Alpha Star”) (NASDAQ: ALSA) (the “Company”) announced today that the Company has filed in the trust account (the “Trust Account”) an aggregate of $383,333, representing $0.033 per public share of the Company, to extend by one month the period available to the Company to effect a business combination until as of November 15, 2022.

The Limited Partner plans to extend this period an additional ten times to complete its initial business combination if necessary, each by an additional month, until September 15, 2023, by depositing an additional $383,333 into the Trust Account each month, which represents an additional $0.033 per public action per month under this additional monthly extension.

About Alpha Star Acquisition Corporation

The company is a blank check corporation incorporated as a Cayman Islands exempt corporation and formed for the purpose of effecting a merger, stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more companies. Although the Company may pursue an acquisition opportunity in any industry or sector, the Company intends to focus on companies that have a connection to the Asian market.

Forward-looking statements

This press release contains statements that constitute “forward-looking statements”. Forward-looking statements are subject to numerous conditions, many of which are beyond the Company’s control, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus for the offering filed with the Securities and Exchange Commission (“SEC”). Copies are available at the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Contact

Zhe Zhang CEO[email protected]