---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-024886"
form_type: "8-K"
ticker: "ALSAF"
cik: "0001865111"
company_name: "Alpha Star Acquisition Corp"
filed_at: "2024-06-24T23:59:59+00:00"
generated_at: "2026-06-01T02:35:54.372761+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-24-024886
- form_type: 8-K
- ticker: ALSAF
- cik: 0001865111
- company_name: Alpha Star Acquisition Corp
- filed_at: 2024-06-24T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1865111/000149315224024886/0001493152-24-024886-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1865111/000149315224024886/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-024886
- JSON: https://secwatch.observer/filing/0001493152-24-024886.json
- Plain text: https://secwatch.observer/filing/0001493152-24-024886.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.