Global Star Acquisition, K Enter registration statement declared effective

Global Star Acquisition (GLST) and K Enter Holdings announced that the U.S. Securities and Exchange Commission has declared effective the registration statement on Form F-4 filed with the SEC in connection with the previously announced business combination agreement between Global Star and K Enter. Upon closing of the transaction contemplated by the business combination agreement, which is subject to approval by the stockholders of both Global Star and K Enter, the parent of the combined companies will be a Cayman Islands exempted company named K Wave Media (KWM) Ltd. Following the closing, K Wave Media Ltd. expects its ordinary shares and warrants to be listed for trading on The Nasdaq Stock Market under the symbols “KWM” and “KWMW”, respectively. “Having the Registration Statement declared effective by the SEC is a meaningful step in K Enter’s strategy to advance in its growth track to become one of the leading, IP-based diversified entertainment players in delivering high quality K-content to a strong and loyal global fanbase,” said Tan Chin Hwee, Executive Chairman and Interim CEO of K Enter.