Baystar Holding Group Ltd 4

What Happened
Baystar Holding Group Ltd, listed as a 10% owner of Peace Acquisition Corp. (PECE), reported a disposition to the issuer of 201,000 shares on 2026-06-10. The shares were disposed at $0.00 for total proceeds of $0 — the filing (F1) explains these shares were forfeited after the underwriters of the IPO terminated the over‑allotment option without exercising it. This was not an open‑market sale and produced no cash proceeds.

Key Details

• Transaction date: 2026-06-10; Filing date (Form 4): 2026-06-16 (filed late relative to the typical 2‑business‑day reporting requirement).
• Price and proceeds: $0.00 per share; total $0 (forfeiture).
• Shares affected: 201,000 shares disposed (forfeited).
• Shares owned after transaction: the form does not state a clear post‑transaction total; footnote F2 notes 202,500 shares are included within units held by Baystar.
• Notable footnotes: F1 explains forfeiture due to over‑allotment option termination; F2 references shares included in units held by Baystar; F3 states Fangping Zheng is the sole director and shareholder of Baystar.
• Filing timeliness: Late filing (filed 6 days after the transaction); late Form 4s can draw SEC attention or require corrective explanations.

Context
This was a forfeiture tied to IPO mechanics, not a market sale by an insider — therefore it does not necessarily signal a change in management or investor sentiment. As a 10% owner (institutional entity) rather than an individual executive trade, the action reflects corporate/IPO administrative outcomes.