M&A
confidence high
sentiment positive
materiality 0.80
Alpha Star shareholders approve business combination with XDATA; only 46 shares redeemed
Alpha Star Acquisition Corp
- All seven proposals passed with near-unanimous support from over 3.2M shares voted (99.36% of outstanding).
- Only 46 ordinary shares tendered for redemption, indicating strong shareholder backing for the deal.
- Business Combination Agreement with XDATA Group and reincorporation merger approved; closing expected soon.
- Five directors elected effective at closing: Roman Eloshvili, Panagiotis Georgiou, Patrick Swint, Cataldo Castagna, Ariel Davidoff.
- Company plans to close the Business Combination as quickly as possible following the vote.
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