Alpha Star Acquisition signs LOI to combine with Estonia fintech XDATA GROUP

Alpha Star Acquisition Corp

Signed non-binding letter of intent with XDATA GROUP OÜ on June 19, 2024 for a business combination.
Xdata provides Internet Banking Suite, Mobile Banking Apps, CRM, and new AI compliance product ComplyControl.
Proposed deal aims to take Xdata public on Nasdaq via SPAC merger, pending definitive agreement.
CEOs of both companies expressed optimism about accessing capital and driving innovation through the merger.

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