secwatch.observer — SEC 8-K summary
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Issuer:     Alpha Star Acquisition Corp (ALSAF)
CIK:        0001865111
Form:       8-K
Filed at:   2024-09-13T23:59:59+00:00
Accession:  0001493152-24-036120
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1865111/000149315224036120/0001493152-24-036120-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1865111/000149315224036120/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-036120

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