M&A
confidence high
sentiment positive
materiality 0.75
Alpha Star shareholders approve business combination with XDATA Group
Alpha Star Acquisition Corp
- All six proposals approved with ~99.8% of votes cast in favor (3,205,059 for, 5,400 against).
- Business combination includes reincorporation merger and acquisition of XDATA; new name 'Xdata Group'.
- Five directors appointed: Roman Eloshvili, Panagiotis Georgiou, Patrick Swint, Cataldo Castagna, Ariel Sergio Davidoff.
- Proposal 7 (adjournment) moot as quorum and approvals achieved.