Alpha Star Acquisition to be delisted from Nasdaq on Dec 23 for failing to complete business combination by deadline

Alpha Star Acquisition Corp

Received Nasdaq delisting letter Dec 16; suspension effective Dec 23, 2024; no appeal planned.
Failed to complete initial business combination by Dec 13, 2024, violating 36-month SPAC rule.
Intends to apply for OTC listing; business combination with OU XDATA GROUP continues.
Shareholders to vote Dec 27 on extending trust liquidation to June 2025 with $35k monthly deposits.

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