UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form
CURRENT REPORT
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| , one redeemable warrant to purchase one-half ordinary share and one right to acquire 1/7 of an ordinary share | ||||
Item 8.01. Other Events.
Alpha Star Regains Compliance with Nasdaq Listing Rule 5250(c)(1)
Alpha Star Acquisition Company (the “Company” or “Alpha Star”) has received a written notification from The Nasdaq Stock Market LLC (“Nasdaq”) dated July 26, 2024, which states that it has regained compliance with Nasdaq Listing Rule 5250(c)(1) after the filing of its Annual Report on Form 10-K for the period ended December 31, 2023 on July 3, 2024 and that this matter was closed.
As previously disclosed by the Company in its Form 8-K filed on June 6, 2024, the Company received a delinquency notification letter (the “Notice”) dated May 31, 2024 from Nasdaq due to the Company’s non-compliance with Nasdaq Listing Rule 5250(c)(1) as a result of the Company’s failure to timely file its Annual Report for the period ended December 31, 2023 and its Quarterly Report for the period ended March 31, 2024. The Notice provided that the Company had 60 calendar days, or until July 30, 2024, to submit to Nasdaq a plan to regain compliance with Nasdaq Listing Rule 5250(c)(1). If Nasdaq accepts the Company’s plan, then Nasdaq may grant the Company up to 180 days, or until October 14, 2024, to regain compliance. If Nasdaq does not accept the Company’s plan, then the Company will have the opportunity to appeal that decision to a Nasdaq Hearings Panel.
On July 30, 2024, the Company has filed its Quarterly Report on Form 10-Q for the period ended March 31, 2024, pursuant to Nasdaq Listing Rule 5250(c)(1).
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Dated: July 31, 2024 | ||
| ALPHA STAR ACQUISITION CORPORATION | ||
| By: | /s/ Zhe Zhang | |
| Name: | Zhe Zhang | |
| Title: | Chief Executive Officer | |