Golden Star Acquisition Corp.

General Information
Business:

(We are a blank check company incorporated in the Cayman Islands. This is a SPAC IPO – a unit offering. Each unit consists 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.)

We intend to focus on businesses that have a connection to the Asian market. We intend to seek middle-market growth companies with an enterprise value between $300 million and $400 million. 

We will seek to acquire those businesses that are currently strategically significant in the Asian markets. Such sectors include Internet and high technology, financial technology (FinTech, including technology applied in financial services or used to help companies manage the financial aspects of their business), clean energy, health care, consumer and retail, energy and resources, food processing, manufacturing and education.

We will seek to capitalize on the strength of our management team. Our team consists of experienced professionals and senior operating executives. Collectively, our officers and directors have decades of experience in mergers and acquisitions, and operating companies, in Asia. We believe we will benefit from their accomplishments, and specifically their current and recent activities with companies that have a connection to the Asian market, in identifying attractive acquisition opportunities. However, there is no assurance that we will complete a business combination.

Note: Our sponsor, G-Star Management Corp., a British Virgin Islands company, and certain members of our Board of Directors and management have significant business ties to or are based in, or reside in, the People’s Republic of China and Hong Kong. We may consider a business combination or an acquisition of assets with an entity or business with a physical presence or other significant ties to the PRC which may subject the post business combination business to the laws, regulations and policies of the PRC. Any target for a business combination may conduct operations through subsidiaries in China and variable interest entities, or VIEs, in China. VIEs are contractual arrangements and the structure involves unique risks to investors.

Mr. Linjun Guo, our CEO, is a seasoned international lawyer with substantial experience in corporate and mergers and acquisitions practice. For more than 20 years Mr. Guo has advised multinational clients in dozens of corporate acquisitions, joint ventures, business restructurings, securities transactions, and dispute resolution. Since September 2019, he has served as Director of Legal Affairs in ENN Stock Corporation Limited and Xinzhiwolai Network Technology Limited, where he handles mergers and acquisitions, investments, restructurings, contracts drafting and project review and general legal affairs. From December 2016 to August 2019, Mr. Guo practiced law in Beijing Zhonglun W&D Law Firm. From August 2015 to March 2016, Mr. Guo served as General Counsel at Weichai Power Corporation Limited, a Fortune 500 company. Mr. Guo was in private legal practice in Beijing Global Law Firm from 2013 to 2015, Shanghai Jade & Fountain Law Firm from 2010 to 2013, and Beijing Broad & Bright Law Firm from 2008 to 2010. From 1999 to 2008 he practiced law in Freshfields Bruckhaus Deringer (Beijing office). He served as a legal consultant to O’Melveny & Myers (Shanghai office) from 1997 to 1999. From 1996 to 1997, Mr. Guo worked in China;s Foreign Ministry. Mr. Guo holds Master of Laws degrees from Northwestern University and China University of Political Science & Law and an English Major top-up university diploma from Henan Institute of Education. Mr. Guo is admitted to practice law in the State of New York and China.

Mr. Kenneth Lam, our CFO, is a chartered accountant in the United Kingdom and a CPA in Hong Kong. He is a seasoned finance executive with cross functional experiences including board directorship, executive management, enterprise risk management, quality system implementation, Environmental, Health & Safety (“EH&S”) supervision, legal and company secretarial support in leading multiple international corporations. He has proven track records on formulating and implementing financial strategies for Multi-National Corporations in Chinese market. Mr. Lam was the China CFO, Asia Motor Business Unit Finance Business Partner, and interim CEO of AXA Assistance based in Beijing and Suzhou between 2016 and 2018. Before joining AXA, Kenneth worked for Airbus for 17 years from 1998 to 2015 in Beijing and Tianjin. He was the Vice President in Finance & Quality of Airbus and acted as the CFO of Airbus in China, board director in JVs and WOFE, and the finance shared services leader of the Group. Mr. Lam was the lead player in the establishment of an engineering center in Beijing, the A320 Final Assembly Line and a logistics center in Tianjin, and a manufacturing center in Harbin.

(Note: Golden Star Acquisition Corp. priced its SPAC IPO on May 1, 2023, in line with the terms in its prospectus: 6.0 million units at $10.00 each to raise $60.0 million. Golden Star Acquisition is the 13th SPAC IPO priced so far in 2023. The units were expected to be listed on NASDAQ and trade under the ticker symbol “GODNU” beginning Tuesday, May 2, 2023. Each unit consists of one ordinary share and one right to receive two-tenths (2/10) of an ordinary share. 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.)

 

(Background: Golden Star Acquisition Corp. drastically cut the size of its SPAC IPO – to 6.0 million units, down from 10.0 million units initially – at $10.00 each – to raise $60.0 million, according to an S-1/A filing dated Feb. 28, 2023. In that filing, Golden Star Acquisition also disclosed its proposed unit symbol – GODNU – and  changed the unit definition to the following: Each unit consists of one ordinary share and one right to receive two-tenths (2/10) of an ordinary share upon the consummation of the initial business combination. Previously, each right conveyed the right to receive one-tenth (1/10) of an ordinary share upon the consummation of the initial business combination.  Previously, Golden Star Acquisition had filed an update to its S-1/A, dated Sept. 15, 2022, but the blank check company had not disclosed proposed symbols for its stock and warrants to trade on the NASDAQ at that time. Golden Star Acquisition filed its S-1 on Dec. 9, 2021.)

 

Industry: BLANK CHECK
Employees: 0
Founded: 2021
Contact Information
Address 99 Hudson Street, 5th Floor, New York, New York 10013
Phone Number (646) 706-5365
Web Address
View Prospectus: Golden Star Acquisition Corp.
Financial Information
Market Cap $88.0mil
Revenues $0 mil (last 12 months)
Net Income $0 mil (last 12 months)
IPO Profile
Symbol GODNU
Exchange NASDAQ
Shares (millions): 6.0
Price range $10.00 - $10.00
Est. $ Volume $60.0 mil
Manager / Joint Managers Ladenburg Thalmann
CO-Managers
Expected To Trade: 5/2/2023
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change