Sec Form 13G Filing - D. E. SHAW & CO L.P. filing for GLOBAL STAR ACQUISITION INC CO (GLST) - 2024-11-14

Insider filing report for Changes in Beneficial Ownership

  • Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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SECURITIES AND EXCHANGE COMMISSION

 

Washington, D.C. 20549

 

SCHEDULE 13G

(Amendment No. )*

 

Under the Securities Exchange Act of 1934

 

Global Star Acquisition Inc.

(Name of Issuer)

 

Class A Common Stock, $0.0001 par value per share 

(Title of Class of Securities)

 

37962G102 

(CUSIP Number)

 

September 30, 2024

(Date of Event Which Requires Filing of this Statement)

 

Check the following box to designate the rule pursuant to which the Schedule is filed:

 

  ¨ Rule 13d-1(b)
  ¨ Rule 13d-1(c)
  x Rule 13d-1(d)

 

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

 

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

 

 

CUSIP No. 37962G102 SCHEDULE 13G Page 2 of 8

 

1

NAMES OF REPORTING PERSONS

D. E. Shaw Valence Portfolios, L.L.C. 

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(SEE INSTRUCTIONS)

(a) ¨

(b) ¨

3 SEC USE ONLY
4

CITIZENSHIP OR PLACE OF ORGANIZATION

Delaware

 

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
5

SOLE VOTING POWER

-0-

 

6

SHARED VOTING POWER

125,000

 

7

SOLE DISPOSITIVE POWER

-0-

 

8

SHARED DISPOSITIVE POWER

125,000

 

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

125,000

 

10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ¨
11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

7.1%

 

12

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

OO

 

         

 

 

 

CUSIP No. 37962G102 SCHEDULE 13G Page 3 of 8

 

1

NAMES OF REPORTING PERSONS

D. E. Shaw & Co., L.L.C.

 

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(SEE INSTRUCTIONS)

(a) ¨

(b) ¨

3 SEC USE ONLY
4

CITIZENSHIP OR PLACE OF ORGANIZATION

Delaware

 

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
5

SOLE VOTING POWER

-0-

 

6

SHARED VOTING POWER

125,000

 

7

SOLE DISPOSITIVE POWER

-0-

 

8

SHARED DISPOSITIVE POWER

125,000

 

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

125,000

 

10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ¨
11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

7.1%

 

12

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

OO

 

         

 

 

 

CUSIP No. 37962G102 SCHEDULE 13G Page 4 of 8

 

1

NAMES OF REPORTING PERSONS

D. E. Shaw & Co., L.P.

 

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(SEE INSTRUCTIONS)

(a) ¨

(b) ¨

3 SEC USE ONLY
4

CITIZENSHIP OR PLACE OF ORGANIZATION

Delaware

 

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
5

SOLE VOTING POWER

-0-

 

6

SHARED VOTING POWER

125,000

 

7

SOLE DISPOSITIVE POWER

-0-

 

8

SHARED DISPOSITIVE POWER

125,000

 

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

125,000

 

10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ¨
11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

7.1%

 

12

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

IA, PN

 

         

 

 

 

CUSIP No. 37962G102 SCHEDULE 13G Page 5 of 8

 

1

NAMES OF REPORTING PERSONS

David E. Shaw

 

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(SEE INSTRUCTIONS)

(a) ¨

(b) ¨

3 SEC USE ONLY
4

CITIZENSHIP OR PLACE OF ORGANIZATION

United States

 

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
5

SOLE VOTING POWER

-0-

 

6

SHARED VOTING POWER

125,000

 

7

SOLE DISPOSITIVE POWER

-0-

 

8

SHARED DISPOSITIVE POWER

125,000

 

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

125,000

 

10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ¨
11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

7.1%

 

12

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

IN

 

         

 

 

 

CUSIP No. 37962G102 SCHEDULE 13G Page 6 of 8

 

Item 1.
  (a) Name of Issuer
      Global Star Acquisition Inc.
     
  (b) Address of Issuer's Principal Executive Offices
   

  1641 International Drive Unit 208

  McLean, VA 22102

     
Item 2.
  (a) Name of Person Filing
   

  D. E. Shaw Valence Portfolios, L.L.C.

  D. E. Shaw & Co., L.L.C.

  D. E. Shaw & Co., L.P.

  David E. Shaw

     
  (b) Address of Principal Business Office or, if none, Residence
   

  The business address for each reporting person is:
  Two Manhattan West

  375 Ninth Avenue, 52nd Floor
  New York, NY 10001

     
  (c) Citizenship
   

  D. E. Shaw Valence Portfolios, L.L.C. is a limited liability company organized under the laws of the state of Delaware.

  D. E. Shaw & Co., L.L.C. is a limited liability company organized under the laws of the state of Delaware.

  D. E. Shaw & Co., L.P. is a limited partnership organized under the laws of the state of Delaware.

  David E. Shaw is a citizen of the United States of America.

     
  (d) Title of Class of Securities
      Class A Common Stock, $0.0001 par value per share
     
  (e) CUSIP Number
      37962G102

 

Item 3.   If this statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c), check whether the person filing is a:
Not Applicable
 
Item 4. Ownership

 

As of September 30, 2024:

 

  (a) Amount beneficially owned:
        D. E. Shaw Valence Portfolios, L.L.C.: 125,000 shares
         
        D. E. Shaw & Co., L.L.C.:

125,000 shares

This is composed of 125,000 shares in the name of D. E. Shaw Valence Portfolios, L.L.C.

         
        D. E. Shaw & Co., L.P.:

125,000 shares

This is composed of 125,000 shares in the name of D. E. Shaw Valence Portfolios, L.L.C.

         
        David E. Shaw:

125,000 shares

This is composed of 125,000 shares in the name of D. E. Shaw Valence Portfolios, L.L.C.

 

 

 

 

CUSIP No. 37962G102 SCHEDULE 13G Page 7 of 8

 

  (b)   Percent of class:
        D. E. Shaw Valence Portfolios, L.L.C.: 7.1%
        D. E. Shaw & Co., L.L.C.: 7.1%
        D. E. Shaw & Co., L.P.: 7.1%
        David E. Shaw: 7.1%

 

  (c)   Number of shares to which the person has:
    (i) Sole power to vote or to direct the vote:  
        D. E. Shaw Valence Portfolios, L.L.C.: -0- shares
        D. E. Shaw & Co., L.L.C.: -0- shares
        D. E. Shaw & Co., L.P.: -0- shares
        David E. Shaw: -0- shares

 

    (ii) Shared power to vote or to direct the vote:
        D. E. Shaw Valence Portfolios, L.L.C.: 125,000 shares
        D. E. Shaw & Co., L.L.C.: 125,000 shares
        D. E. Shaw & Co., L.P.: 125,000 shares
        David E. Shaw: 125,000 shares

 

    (iii) Sole power to dispose or to direct the disposition of:
        D. E. Shaw Valence Portfolios, L.L.C.: -0- shares
        D. E. Shaw & Co., L.L.C.: -0- shares
        D. E. Shaw & Co., L.P.: -0- shares
        David E. Shaw: -0- shares

 

    (iv) Shared power to dispose or to direct the disposition of:
        D. E. Shaw Valence Portfolios, L.L.C.: 125,000 shares
        D. E. Shaw & Co., L.L.C.: 125,000 shares
        D. E. Shaw & Co., L.P.: 125,000 shares
        David E. Shaw: 125,000 shares

 

David E. Shaw does not own any shares directly. By virtue of David E. Shaw’s position as President and sole shareholder of D. E. Shaw & Co., Inc., which is the general partner of D. E. Shaw & Co., L.P., which in turn is the investment adviser of D. E. Shaw Valence Portfolios, L.L.C., and by virtue of David E. Shaw’s position as President and sole shareholder of D. E. Shaw & Co. II, Inc., which is the managing member of D. E. Shaw & Co., L.L.C., which in turn is the manager of D. E. Shaw Valence Portfolios, L.L.C., David E. Shaw may be deemed to have the shared power to vote or direct the vote of, and the shared power to dispose or direct the disposition of, the 125,000 shares as described above constituting 7.1% of the outstanding shares, and, therefore, David E. Shaw may be deemed to be the beneficial owner of such shares. David E. Shaw disclaims beneficial ownership of such 125,000 shares.

 

Item 5. Ownership of Five Percent or Less of a Class
Not Applicable
 
Item 6. Ownership of More than Five Percent on Behalf of Another Person
Not Applicable  
 
Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person
Not Applicable  
 
Item 8. Identification and Classification of Members of the Group
Not Applicable  
 
Item 9. Notice of Dissolution of Group
Not Applicable  
 
Item 10. Certification
Not Applicable

 

 

 

 

CUSIP No. 37962G102 SCHEDULE 13G Page 8 of 8

 

SIGNATURE

 

After reasonable inquiry and to the best of their knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete, and correct. Powers of Attorney, dated August 1, 2024, granted by David E. Shaw in favor of Daniel R. Marcus, are attached hereto.

 

Dated: November 14, 2024

 

  D. E. Shaw Valence Portfolios, L.L.C.
   
  By: /s/ Daniel R. Marcus
    Daniel R. Marcus
    Authorized Signatory

 

  D. E. Shaw & Co., L.L.C.
   
  By: /s/ Daniel R. Marcus
    Daniel R. Marcus
    Authorized Signatory

 

  D. E. Shaw & Co., L.P.
   
  By: /s/ Daniel R. Marcus
    Daniel R. Marcus
    Chief Compliance Officer

 

  David E. Shaw
   
  By: /s/ Daniel R. Marcus
    Daniel R. Marcus
    Attorney-in-Fact for David E. Shaw