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Global Star Acquisition Inc   (NASDAQ: GLSTU)
Other Ticker:  
 
    Sector  Financial    Industry Blank Checks
   Industry Blank Checks
   Sector  Financial
 
Price: $8.4000 $3.35 66.337%
Day's High: $8.4 Week Perf: 29.23 %
Day's Low: $ 5.05 30 Day Perf: -30.29 %
Volume (M): 0 52 Wk High: $ 17.84
Volume (M$): $ 3 52 Wk Avg: $11.04
Open: $8.40 52 Wk Low: $2.55



 Market Capitalization (Millions $) 30
 Shares Outstanding (Millions) 4
 Employees -
 Revenues (TTM) (Millions $) -
 Net Income (TTM) (Millions $) 0
 Cash Flow (TTM) (Millions $) -2
 Capital Exp. (TTM) (Millions $) 0

Global Star Acquisition Inc
Global Star Acquisition Inc is a blank check company that was incorporated in 2021. A blank check company, also known as a special purpose acquisition company (SPAC), is formed with the sole purpose of acquiring other businesses or assets.

Global Star Acquisition Inc has not yet identified any specific target company or sector it plans to acquire. The company's management team, led by experienced executives, will typically search and evaluate potential merger, acquisition, or other business combination opportunities to bring value to its shareholders.

Once a target has been identified, Global Star Acquisition Inc will raise funds through an initial public offering (IPO) and use the raised capital to complete the transaction. The acquired company then becomes a publicly traded company through this merger process, avoiding the more traditional initial public offering route.

As of now, Global Star Acquisition Inc is primarily at the stage of raising capital and identifying potential target businesses. The specific details of its strategy, industries of interest, or potential timeline for completing acquisitions are not publicly disclosed at this time.


   Company Address: 1641 International Drive Unit 208 McLean 22102 VA
   Company Phone Number: 790-0717   Stock Exchange / Ticker: NASDAQ GLSTU


   

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Global Star Acquisition Inc

Blank Check Sector Leader GLSTU Kicks Off First Quarter Earnings Season with Stellar Results

The Blank Checks industry has always been closely watched by investors and analysts for signs of growth and potential. One of the key players in this industry, Global Star Acquisition Inc (GLSTU), recently announced its financial results for the first quarter of 2024, and the numbers are indicating promising progress.
GLSTU reported an operating income of $0.805858 million for the first quarter of 2024, a significant improvement compared to the operating loss of $-0.392625 million in the same quarter of the previous year. This increase in operating income is viewed as a major indicator of the company's current state and its potential for future success.

Global Star Acquisition Inc

Global Star Acquisition Inc. Reports Operating Profit in Q4 20232.

The Blank Checks industry has been making waves in the financial world, and the latest reports from Global Star Acquisition Inc (GLSTU) only add to the intrigue. With the October to December 31, 2023 reporting season in full swing, GLSTU has disclosed an operating profit of $3.630548 million for the mentioned period. However, it is important to note that this is not a significant increase from the previous fiscal period, as the company reported a net profit of $1.04 million.
What is perhaps more concerning for GLSTU is the fact that they have recorded a net shortfall of $-0.028 million, indicating a difference of $-0.028 million compared to the same reporting period a year ago. This is certainly not an ideal situation for the company, as investors may question why the books are not balanced in a similar time frame.










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