Golden Star Acquisition, a blank check company targeting businesses with strategic significance to Asian markets, raised $60 million by offering 6 million units at $10. Each unit consists of one share of common stock and one right to receive two-tenths of a share upon the completion of an initial business combination.
Golden Star Acquisition is led by CEO and Chairman Linjun Guo, an international lawyer whose prior roles include General Counsel of Green Innocore Electronic & Technology and Director of Legal Affairs at ENN Stock Corporation, and CFO Kenneth Lam, the former China CFO of AXA Assistance and Airbus.
The company plans to leverage management's experience and target middle-market growth companies in Asian markets with enterprise values between $300 million and $400 million. Potential target sectors include internet and high technology, fintech, clean energy, healthcare, consumer and retail, energy and resources, food processing, manufacturing, and education.
Golden Star Acquisition plans to list on the Nasdaq under the symbol GODNU. Ladenburg Thalmann acted as sole bookrunner on the deal.
