Becker is proud to announce the successful representation of Alpha Star Acquisition Corporation (NASDAQ: ALSAU) in its initial public offering of 10 million units at $10 per unit, resulting in gross proceeds of $100 million.
Corporate team members Brian Daughney, Bill Huo, and Samantha Lesser represented client Alpha Star Acquisition Corporation, a New York company, in connection with its initial public offering, which was completed on December 15, 2021.
Alpha Star Acquisition Corporation is a newly organized blank check company formed under the laws of the Cayman Islands for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
Ladenburg Thalmann & Co. Inc. is acting as the sole bookrunner and the representative of the underwriters in the offering. Brookline Capital Markets, a division of Arcadia Securities, LLC is acting as co-manager of the offering.
To view the news release on the IPO closing, click here.
To learn more about Becker’s Corporate Practice Group and our services, please click here.