Alpha Star Acquisition Corporation enters into Business Combination Agreement with OU XDATA GROUP

Alpha Star Acquisition Corp

Alpha Star (ALSAU) signed Business Combination Agreement on September 12, 2024 with OU XDATA GROUP and shareholder Roman Eloshvili.
Under agreement, Alpha Star will merge with a newly formed PubCo, and XDATA will become a wholly owned subsidiary via share exchange.
Closing expected by end of 2024, subject to Alpha Star and XDATA shareholder approvals, SEC and Nasdaq clearance.
Sponsor A-Star Management Corporation to enter Voting and Support Agreement to vote in favor of proposals.
Sponsor and XDATA shareholders agree to lock-up periods of up to six months post-closing.

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