Alpha Star Acquisition Corporation Enters into Definitive Business Combination Agreement with XDATA

Alpha Star Acquisition Corporation - Ordinary Shares (ALSA)
Company Research
Source: GlobeNewswire
New York, NY, Sept. 13, 2024 (GLOBE NEWSWIRE) -- Alpha Star Acquisition Corporation (NASDAQ: ALSA) (“Alpha Star” or “ALSA”), a special purpose acquisition company, today announced the execution of a business combination agreement on September 12, 2024 (the “Business Combination Agreement”), pursuant to which Alpha Star will undergo a business combination with OU XDATA GROUP (“XDATA”), an Estonia-based financial technology solutions company. The transaction has been approved by the boards of directors of Alpha Star and XDATA and is expected to be consummated in late 2024. The closing of the transaction is subject to regulatory approval, approval by the shareholders of Alpha Star and XDATA and the satisfaction of certain other customary closing conditions. Transaction Details The Business Combination Agreement provides for (i) SPAC will incorporate a Cayman Islands exempted company (“PubCo”) in accordance with the Companies Act (Revised) of the Cayman Islands, (ii) the merger of Alp
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ALSA
News
- Alpha Star Acquisition Corporation Announces Receipt of Letter from Nasdaq Regarding Failure to Complete Initial Business Combination [Yahoo! Finance]Yahoo! Finance
- Alpha Star Acquisition Corporation Announces Receipt of Letter from Nasdaq Regarding Failure to Complete Initial Business CombinationGlobeNewswire
ALSA
Sec Filings
- 12/20/24 - Form 8-K
- 12/16/24 - Form DEF
- ALSA's page on the SEC website